Cathie Wood’s ARK Invest Sells Coinbase Shares for First Time in a Month
ARK sold $34.3 million of shares in the crypto exchange, which is due to report earnings after the U.S. market closes.
ARK Invest
Bitcoin ETFs Mean ‘Substitution’ From Gold Into BTC Will Continue, Says Cathie Wood
While bitcoin’s price is often denominated against fiat currencies, Wood pointed out that even relative to gold, BTC has risen consistently since its early days.
ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%
The optimum allocation is up from 0.5% in 2015 and 6.2% in 2022.
ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO
ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund’s total value.
ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally
Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.
Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval
ARK Invest’s CEO previously predicted the price to reach $1 million by 2030.
Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder
Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.
ARK’s ETF Rebalancing Continues With $20.6M Coinbase Sale
ARK Invest has a target of no individual stock surpassing 10% weighting of an ETF’s value. COIN doubled in price in the last three months of 2023, bringing about consistent sales of the crypto exchange’s stock by ARK.
ARK Invest Sells Another $4.2M of Coinbase Shares
COIN constitutes a 10.34% weighting of ARK’s Innovation ETF, a stake worth over $872.5 million.