The downfall of FTX badly affected the crypto market, which created a high level of doubt and fear among crypto investors and users. Last week, the crypto market was filled with uncertainty regarding crypto asset prices. Investors are afraid to make a move on cryptocurrency after facing huge losses in the recent FTX collapse.
Cathie Wood, CEO of Ark Invest, said she would hold her bitcoin without considering the FTX collapse. Bitcoin has risen its price by 1.5%, currently trading at $16,600 (USD).
She said, “Sometimes you need to battle tests, you need to go through crises to see the survivors first of all.”
The collapse of FTX affected major cryptocurrencies, resulting in investors unloading GBTC shares. So currently, the trading of GBTC is available at discount prices. This discount price gained Cathie’s attention on Monday. Ark Investment entity invested 176,945 shares of GBTC worth $1.5 million (USD).
“Once they actually do the homework and see what’s happened here, I thi
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