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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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Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022. Source
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The fund sold 100,739 shares, equivalent to around 2% of ARK's Next Generation ETF (ARKW) holdings. The sale coincided with bitcoin (BTC) enjoying a bullish surge, which saw it rise above $34,000 for the first time in nearly 18 months. According to FactSet data, Ark holds about 5.6 million GBTC
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Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from ARK Next Generation Internet ETF (ARKW), according
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ARK Invest CEO Cathie Wood is no stranger to Bitcoin predictions given that the asset manager has previously said that BTC will
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The Delaware Trust Company will act as the trustee of the spot Ether ETF from Ark Invest and 21Shares, while Coinbase will act as the crypto custodian. While the broader crypto market awaits the launch of the Ethereum futures ETF, financial players are gunning for a spot Ether ETF. On
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ARK Invest’s Cathie Wood has shared her perspectives on the dynamic intersection of Bitcoin (BTC) and artificial intelligence (AI). Wood, CEO of ARK Invest, has shared her positive outlook on the convergence of Bitcoin and AI in
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In a recent Twitter post, Cathie Wood, CEO of Ark Invest, expressed her positive view on the intersection of Bitcoin (BTC) and artificial intelligence (AI)In her tweet, Cathie Wood subtly hinted at the immense transformative potential inherent in the dynamic synergy between artificial intelligence and Bitcoin, emphasizing the possibilities and
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The US Securities and Exchange Commission (SEC) had on August 11 moved to delay its decision on the ARK 21Shares Spot Bitcoin
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ARK Investment Management founder and CEO Cathie Wood has reportedly suggested that the United States Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded funds, or ETFs, at the same time.In an Aug. 7 interview with Bloomberg, Wood predicted the SEC would approve “more than one [ETF] at
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