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Cathie Wood’s ARK cuts holdings of Grayscale Bitcoin Trust

Cathie Wood’s ARK cuts holdings of Grayscale Bitcoin Trust
Cathie Wood's ARK has offloaded some shares over the last month. Credit: Rita Fortunato

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Bitcoin backer Cathie Wood’s ARK reduced its holdings in Grayscale Bitcoin Trust, Zipmex halted Thailand crypto trading, and “Axie Infinity” granted NFT owners commercial rights. Read on!

Cathie Wood’s ARK pares GBTC shares

Cathie Wood may be known for her positive attitude towards Bitcoin, but her firm ARK Investment Management has reduced its holdings in the Grayscale Bitcoin Trust, Bloomberg reported.

Since October 23, ARK Next Generation Internet ETF has sold more than 700,000 GBTC shares. ARK officials didn’t respond to Bloomberg’s e-mailed queries.

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Cointelegraph reported that after offloading the shares over the past month, ARK Next Generation Internet ETF still holds more than 4.3 million GBTC shares, worth about $132 million.

Zipmex suspends crypto trading in Thailand

Cryptocurrency exchange Zipmex said it will suspend all digital asset trading in Thailand in an effort to comply with regulations, Cointelegraph reported.

Zipmex said in a statement that it will temporarily halt trading to ensure that it aligns with regulatory requirements of the Securities and Exchange Commission of Thailand. Earlier this year, Zipmex was reportedly under investigation for a possible breach of local rules.

Wallet of Satoshi leaves US market

Bitcoin Lightning wallet provider Wallet of Satoshi has decided to leave the US market, for which it offered no specific reason, The Block reported.

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Wallet of Satoshi posted on X: We’ve made the difficult decision to remove our app from the U.S. Apple and Google app stores, and will not serve U.S. customers going forward.” It added that US users have full access to their Bitcoin for withdrawal and transfer.

Raiffeisen Bank plans retail crypto trading

Austria’s Raiffeisen Bank plans to offer crypto trading to retail customers next January in association with crypto exchange Bitpanda, CoinDesk reported.

The bank has $215 billion in assets and almost 18 million customers in the EU and Eastern Europe. Bitpanda was founded in Vienna in 2014, the report noted.

‘Axie’ gives NFT owners commercial rights

Blockchain game “Axie Infinity” granted its NFT owners rights to produce and sell authorised merchandise, Crypto.News reported.

Concurrently, Sky Mavis, the game’s developer, launched a merch store for “Axie Infinity” intellectual property so that owners of its NFTs can create and sell products, the report said.

What we’re reading around the web

With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prisonBusiness Insider

Justin Sun promises ‘epic airdrop’ to Poloniex and HTX users hit by $238m in hacksDL News

Netflix Director Used $4M of Show’s Budget on Dogecoin, Netting $27M in ProfitsCoinMarketCap

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