Cathie Wood-led Ark Invest offloaded 42,613 shares of US-based crypto exchange Coinbase through ARK Next Generation Internet ETF and ARK Fintech Innovation ETF as the price of Bitcoin closed in on $35,000 on Monday. Coinbase’s shares that Ark Invest sold were valued at around $3.3 million with the closing price of $77.21 on Monday evening. …
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Could owning one Bitcoin (BTC) make you a millionaire? According to prominent figures in the crypto space like Ark Invest’s CEO Cathie Wood and MicroStrategy executive chairman (and former CEO) Michael Saylor, yes. In a report released by Ark Invest earlier this year, Cathie Wood and co. predicted that Bitcoin could hit a price of…
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The US Securities and Exchange Commission (SEC) just delayed a decision on Ark Invest’s spot bitcoin exchange-traded fund (ETF) application by at least eight weeks by calling for a period of public comment. The agency published an order calling for public input on Ark Invest’s Ark 21Shares Bitcoin ETF application, a standard move employed by…
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In an interview on August 7, Cathie Wood, the CEO of ARK Investment Management, stated that the US Securities and Exchange Commission (SEC) might approve multiple spot-Bitcoin exchange-traded funds (ETFs) simultaneously. This marks a change from her belief that her firm would be the first to receive approval for the much-awaited product…. Read More: Cathie…
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Cathie Wood’s Ark Invest sold 478,356 Coinbase shares valued at $53 million on Friday as the crypto exchange’s stock prices reached a 52-week high. This is the second time Cathie Wood-led investment management firm offloaded Coinbase shares within a week. As reported earlier, Ark Invest sold 135,152 Coinbase shares worth $12 million on July 11…
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The unmoved supply of Bitcoin (BTC) reached an all-time high in June, with nearly 70% of the circulating supply not moving for a year, a report from asset manager Ark Invest has said. The report, titled “The Dawn of the ETF Era?” focused on the potential for a new spot Bitcoin exchange-traded fund (ETF) to…
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Just days after buying $21 million of Coinbase shares, ARK Invest CEO Cathie Wood has added another $19.9 million in Block Inc. shares across its ETFs. ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21…
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Ark Invest CEO Cathie Wood upped her stake in Coinbase after a US regulator accused the exchange of operating unlawfully. Three Ark Investment Management LLC funds, including Wood’s Ark Innovation ETF, bought 419,324 shares of Coinbase on Tuesday, according to Bloomberg News, citing its data. The price of Coinbase shares slumped to as low as…
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Technology investor Cathie Wood’s fund ARK Invest has bought $8.7 million worth of Coinbase stock while filing yet another application to list a Bitcoin-backed exchange-traded fund (ETF). ARK’s latest purchase of Coinbase stock was made through the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF, with the first fund by…
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Cathie Wood’s ARK and crypto investment firm 21Shares are tripling down on their attempt to get approval to create a spot Bitcoin ETF in the U.S. Cathie Wood’s ARK Invest and European crypto investment firm 21Shares are seemingly unperturbed by the cryptocurrency regulatory environment in the United States, again requesting approval for a Bitcoin (BTC)-based…
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