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Cathie Wood's Ark Invest grabbed another $5 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2022. Source
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Ark Invest resumed its Coinbase shares acquisition in October when it added 10,880 shares, pushing the valuation of its then-total holdings to $60.5 million.Again, Florida-based investment management firm Ark Invest has purchased shares of popular cryptocurrency exchange Coinbase (NASDAQ: COIN). The recent purchase was the company’s first investment in the
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The purchase takes the ARK Innovation ETF's (ARKK) holding to 5.7 million COIN shares. That puts the purchase on the small side – increasing the ETF's exposure by 1.4%. It suggests the investment firm still sees bullish signs for the crypto sector, though may be opting for a cautious approach
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Bitcoin (BTC) is too “decentralized and transparent” for former FTX CEO Sam Bankman-Fried, says Cathie Wood.In a tweet on Dec. 10, Wood, who is CEO of investment giant ARK Invest, delivered a fresh damning appraisal of the FTX saga.Wood: SBF "couldn't control" BitcoinAs the legal ramifications of FTX and Bankman-Fried,
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Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC.ARK: FTX scandal may be "most damaging event" everWith BTC price volatility
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Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown.The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (COIN) and the Grayscale Bitcoin Trust (GBTC).Cathie Wood buys the dipWith FTX contagion still rippling through
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Ark Investment Management purchased 315,259 shares worth about $2.8 million in the Grayscale Bitcoin Trust (GBTC) with GBTC currently trading near a record discount to net asset value (NAV) following FTX’s collapse. Grayscale and CryptoX are both owned by the same parent company, Digital Currency Group. Source
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The United States Securities and Exchange Commission, or SEC, has extended its window to decide on whether shares of ARK 21Shares’ Bitcoin exchange-traded fund could be listed on the Chicago Board Options Exchange BZX Exchange.In a Nov. 15 announcement, the SEC issued a notice for a longer designation period for
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The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest CEO Cathie Wood,
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