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CEO and founder of ARK Invest Cathie Wood announced plans on Monday to launch five cryptocurrency-focused exchange-traded funds (ETFs) in partnership with 21Shares, a leading provider of crypto ETPs in Europe. The new ETFs will offer exposure to Bitcoin (BTC) and Ethereum (ETH) futures, as well as equities of companies involved
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BTC's reputation as a potential inflationary protection investment is in step with the crypto's comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice "hands down" if she had to choose
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A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals.An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including
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The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week.
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“It’s a big deal, because both our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if, that the outside window is probably six months,” Novogratz said. “And so you’re kind of in your four to six
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Digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood’s ARK Invest in the second quarter of 2023.According to ARK’s latest quarterly ETF report published on July 19, GBTC was one of the top contributors to the success of its ARK Next Generation
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The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price
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Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24.While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told CryptoX that it has already received proofs-of-concept from developers.The program exclusively funds
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