ARK Invest Buys $21M of 3iQ Ether staking ETF
Cathie Wood’s ARK Invest has resumed active trading of crypto-related stocks, selling $14.6M in Coinbase shares and buying $21M of 3iQ Ether staking ETF. According to trading data obtained by Cointelegraph, ARK increased COIN selling in August 2024, unloading 69,069 COIN shares on August 1, following the resumption of substantial Coinbase (COIN) sales in July. […]
Ark Invest Sells $7M Robinhood Shares, HOOD Stock Drops 2%
Ark Invest sold over $7.5M in Robinhood shares on June 10, 2024, causing a pre-market drop in HOOD stock despite Robinhood’s acquisition of Bitstamp. On Monday, June 10, 2024, Ark Invest, which is under the leadership of Cathie Wood, executed substantial transactions, including a substantial sell-off of Robinhood Markets Inc. (HOOD). Despite Bitstamp’s recent acquisition […]
Cathie Wood: Tesla (TSLA) Targets 85% Margins in Robotaxi, AI
Cathie Wood recently dubbed Tesla the world’s largest AI project and forecasted a bright future for its robotaxi program. Cathie Wood, the founder and CEO of ARK Invest, voiced optimism about Elon Musk’s Tesla’s future prospects. Moreover, she emphasized the capabilities of the robotaxi network. Wood had previously emphasized Tesla’s increased investment in what she […]
Cathie Wood’s Ark Invest Reveals Its ChatGPT OpenAI Holdings
The Ark Venture Fund has revealed that it has allocated approximately 4% of its assets under management (AUM) towards OpenAI. Cathie Wood’s Ark Investment has been actively wagering on the crypto and AI space, and it disclosed its holdings in ChatGPT’s parent company, OpenAI, in its most recent filing. ARK Invest’s OpenAI Investment Disclosure On […]
Ark Invest Sells Off $69M Coinbase (COIN) Shares
On Monday, March 11, Cathie Wood’s ARK Invest sold off more than 270,000 shares of Coinbase (COIN) at the closing price of $256.62 per share, representing a significant $69.5 million. ARK Invest adheres to a strategic objective of preserving portfolio equilibrium among its exchange-traded funds (ETFs), wherein no single holding surpasses a 10% weighting of […]