ARK INVEST
Cathie Wood predicts Bitcoin preference shift due to ETFs and growing gold connection
ARK Invest CEO Cathie Wood reports a shift from traditional gold investments to Bitcoin, driven by spot Bitcoin ETFs and its increasing 'risk-off' role, especially during economic uncertainties like the regional bank crisis.
Ark Invest's Cathie Wood Challenges Vanguard's Bitcoin ETF Exclusion Decision
Ark Invest CEO Cathie Wood criticizes Vanguard for excluding Bitcoin ETFs, marking a significant shift in investment preferences as customers move to crypto-friendly platforms. This controversy reflects the evolving dynamics of the financial sector.
BlackRock and ARK Invest Conform to SEC's Cash Redemption Model for Bitcoin ETF
Major ETF issuers BlackRock and ARK Invest comply with SEC's cash redemption model for their spot Bitcoin ETFs, potentially paving the way for regulatory approval.
ARK Invest Intensifies Investment in Robinhood
ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.
ARK Invest Buys Coinbase Shares Despite Wells Notice
Investment management firm ARK Invest, led by Cathie Wood, has resumed buying shares of Coinbase, purchasing 268,928 shares worth $17.88 million through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds on March 23. This came just a day after Coinbase's stock price fell by 21% due to news of the company receiving a Wells notice from the Securities and Exchange Commission (SEC).
ARK Invest Sells Portion of Coinbase Shares
Investment firm ARK Invest has sold a portion of its Coinbase shares in 2023, accounting for 23% of its March acquisitions and 9% of all shares bought this year. The remaining 1.6 million shares are valued at over $132 million. Coinbase stock has risen to multi-month highs alongside Bitcoin, which hit nine-month highs above $28,000 on March 22.
ARK Invest Buys Record Amount of Coinbase Stock, Despite Market Volatility
Despite recent market volatility, Cathie Wood’s investment manager ARK Invest has made a record purchase of Coinbase stock, along with significant investments in Robinhood. The move confirms ARK’s bullish sentiment towards the cryptocurrency industry and Bitcoin.
Ark Invest's Wood Turned $100,000 Investment in Bitcoin to $7M
Cathie Wood said she currently owns over $7 million worth of bitcoin, which she purchased on the advice of Reagan-era economist Arthur Laffer, while it was trading at $250.
Cathie Wood's Ark Invest Offloads Coinbase & Robinhood Shares
A trading filing showed Wall Street veteran Cathie Wood's Ark Invest has sold more than 1.4 million shares of Coinbase and $500,000 worth of Robinhood shares recently amid the crypto market downturn.
US SEC Rejects One River Spot Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) has rejected the spot Bitcoin Exchange Traded Fund (ETF) Application filed by One River Asset Management
Ark Invest Refiles Application for Bitcoin Spot ETF Alongside 21 Shares
Ark Investment Management, the investment company tagged with Cathie Wood is taking another dig at a spot Bitcoin Exchange Traded Fund (ETF) product.
1Bn Crypto Users Forecasted in the Next Decade, Says Coinbase CEO
Brian Armstrong, CEO of Coinbase Global Inc, predicted there would be up to 1 billion users of cryptocurrencies within the next decade.
Cathie Wood’s Ark Invest Purchases $79.4M of Robinhood Shares after Crypto Price Fall
Bitcoin and crypto believer Cathie Wood’s fund has bought approximately $79.4 million of Robinhood shares (approx. 2.29 million shares).
Cathie Wood’s Ark Invest Purchases Twitter Shares Worth $55.34 Million
Ark Invest’s Cathie Wood is doubling down on her Twitter bet, buying more shares of the popular social media giant following Bitcoin tipping rollout on the social network platform.