ARK Invest


Markets

ARK Buys $15.9M Worth of Its Own Bitcoin ETF

ARK sold a similar amount - $15.8 million - worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.

Ark Invest CEO Cathie Wood

Markets

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock's IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

(Noah Silliman/Unsplash)

Markets

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval

ARK Invest's CEO previously predicted the price would reach $1 million by 2030.

Ark Invest CEO Cathie Wood

Finance

Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder

Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.

Ophelia Snyder (right) with 21Shares co-founder Hany Rashwan

Videos

BlackRock, Other Potential ETF Provicers Reveal Fees; ARK Invest Unloads COIN

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry today, including BlackRock, Fidelity, and other potential bitcoin ETF providers revealing their fees as the crypto industry awaits final approval from the SEC. Plus, ARK Invest sold a further $20.6 million worth of Coinbase (COIN) shares. And, dog-themed token bonk (BONK) is down over 70% from a December peak that saw the token listed on prominent exchanges.

Recent Videos

Finance

ARK's ETF Rebalancing Continues With $20.6M Coinbase Sale

ARK Invest has a target of no individual stock surpassing 10% weighting of an ETF's value. COIN doubled in price in the last three months of 2023, bringing about consistent sales of the crypto exchange's stock by ARK

(Alpha Photo/Flickr)

Markets

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.

Ark Invest CEO Cathie Wood

Videos

Goldman Sachs Could Join Bitcoin ETF Party; Bitcoin Breaks Above $43K Again

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry today, including Goldman Sachs being in talks to play the key role of being an "authorized participant" for BlackRock and Grayscale's bitcoin ETFs, according to CoinDesk sources. Bitcoin (BTC) is back above $43,000 again. And, Cathie Wood's ARK Invest is offloading more Coinbase shares.

Recent Videos

Markets

Cathie Wood's ARK Invest Offloads $25M of Coinbase Shares

Coinbase's Nasdaq-listed stock fell 2.96% Wednesday as the crypto market's rally halted.

CEO Brian Armstrong posted 10 crypto startup ideas to Twitter he wishes someone would build. Why not Coinbase? (Coinbase, modified by CoinDesk)

Finance

Cathie Wood's ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings

The investment fund bought $9.2 million worth of BITO shares and also sold $27.6 million worth of Coinbase stock.

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.