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.
Cathie Wood
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.
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.
Cathie Wood’s ARK Invest Offloads $25M of Coinbase Shares
Coinbase’s Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market’s rally halted.
Cathie Wood’s ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings
The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN.
ARK Invest Coinbase Share Sale Takes December Total Close to $200M
Cathie Wood’s investment firm also sold GBTC stock while increasing its holdings of Block.
ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High
The firm has sold over $150 million worth of stake in COIN since Dec. 5.
ARK Invest Sells Coinbase Shares for Third Straight Day
The investment firm has sold the crypto exchange’s stock on all but two trading days this month.
Cathie Wood’s ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares
Digital asset manager Grayscale’s bitcoin investment vehicle’s shares fell 8.6% Monday, reflecting the day’s 5.8% drop in bitcoin.
Cathie Wood’s ARK Invest Sells $49.2M Worth of Coinbase Shares
ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.