Per Coin Telegraph

Cathie Wood's ARK increases its GBTC holdings by purchasing 176,945 shares on Nov 21. This adds to its 273,327 shares bought on Nov 15 before FTX fell apart.

This brings its total holdings to 450,272 shares.

This comes after Grayscale refused to show proof of reserves, citing "security concerns." The FTX crash happened because FTX did not have reserves to match withdrawals.

GBTC shares have dropped 31.3% since FTX's SBF tweeted, "FTX is fine. Assets are fine."

See full $GBTC flow at unusualwhales.com/flow.