(MT Newswires) -- Cathie Wood, managing director and chief investment officer at ARK Invest, says she's bullish on Bitcoin despite regulatory and tax uncertainties. ARK sold its stake in the Grayscale Bitcoin Trust (GBTC) due to a significant discount to net asset value. Instead, ARK bought shares in the ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures and does not hold physical Bitcoin, to maintain its exposure to Bitcoin.

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