ARK Snaps Up $9.5M HOOD Shares Day After Robinhood Announces European Expansion
The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.
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The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.
that there is no counterparty risk in bitcoin when it is decentralized and everything is visible on the network.
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.
The U.S. Securities and Exchange Commission (SEC) extended its review of the Ark 21Shares Bitcoin ETF application, as it continues to look at applications from traditional finance heavyweights like BlackRock and Fidelity.
ARK’s application may now be in pole position to be approved first as as it was filed earlier than BlackRock’s.