ARK Invest, led by Cathie Wood, has greatly increased its exposure to cryptocurrencies by acquiring another $15.6 million shares of BitMine Immersion Technologies. The strategic purchase makes ARK invest more than 300 million dollars in the Ethereum treasury company in three flagship funds. This most recent action supports ARK’s optimistic
Cathie Wood’s ARK Invest expanded its exposure to BitMine Immersion Technologies on Monday by purchasing over $20 million worth of shares across three of its actively managed ETFs. Acquires Over Half a Million BitMine Shares According to ARK’s daily trading reports, the ARK Innovation ETF (ARKK) acquired 401,318 BitMine shares.
Ark Invest, run by Cathie Wood, is engaged in a strategic profit-taking on the impressive post-IPO performance of Circle, selling off another large position this week. At the same time, the investment company increased its holdings in Robinhood and Coinbase, which indicates the persistence of trust in digital asset platforms.
Ark Invest under Cathie Wood has recently boosted its Bitcoin price predictions to $2.4 million for the year 2030 as part of the firm’s bullish outlook. A detailed analytical approach has led to Ark Invest’s increased Bitcoin price prediction from $1.5 million to $2.4 million because institutions continue to amplify
Cathie Wood’s ARK Invest has acquired Coinbase (COIN) shares worth $13.4 million across three of its ETFs. The move comes amid a broad market sell-off triggered by President Trump’s new tariff policies. Despite the turmoil, ARK doubled down on its long-term crypto strategy. According to ARK’s daily trade report for
The crypto market started a steady recovery yesterday. Bitcoin is trading above the $80K range while altcoins also started to witness price gains. Even though the overall crypto market started to recover, the anticipated bull run is yet to begin. Despite the pro-crypto environment in the US, the crypto market
In a landmark moment for the crypto world, Bitcoin surged past the $100,000 mark on December 5, 2024. Cathie Wood, CEO of ARK Invest, hailed the achievement on Twitter, linking the milestone to a broader shift in financial paradigms. “Great day for Bitcoin and digital property rights!” she tweeted. Cathie
Following stretches of selling, Cathie Wood of Ark Invest has increased her stock purchases of Coinbase (COIN) and Robinhood (HOOD). As investors pay more attention to market fluctuations, the asset manager keeps changing its holdings. Following the prior slump caused by macroeconomic issues, the cryptocurrency market has regained momentum. In
The CEO of the U.S investment company Ark Invest, Cathie Wood, has stated her intention to cast her ballot for the presumed Republican candidate for president, Donald Trump, who is a former U.S. president. Over the weekend, Kevin Paffrath, a maker of financial information, hosted a conference in Las Vegas,
June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
