Cathie Woods' Ark Invest Buys Block Inc. Shares But Dumps Grayscale’s GBTC

Ark Invest’s chief Cathie Wood is popular for her bets in the crypto space, and she’s done a major rejig to her portfolio on Monday, November 6. The company purchased a significant $5.6 million worth of shares of Block Inc, a company led by Twitter founder Jack Dorsey. The purchase comes after Ark Invest dumping a large part of its Grayscale GBTC holdings.