ARK Invest Sells Coinbase, Robinhood Shares for First Time in 2024
Spot Bitcoin exchange-traded fund (ETF) issuer ARK Invest has sold major cryptocurrency-related stocks, including those of Coinbase and Robinhood, for the first time this year. ARK divested 214,068 Coinbase (COIN) shares and 119,394 Robinhood (HOOD) shares from its ETFs on February 14, according to a trade notification that Cointelegraph obtained. The trading firm divested 152,600 […]
ARK Invest Liquidates Entire GBTC Holdings
Cathie Wood’s investment fund, Ark Invest, sold the Grayscale Bitcoin Trust’s (GBTC) last surviving assets. According to Bloomberg analyst Eric Balchunas, ProShares purchased the BITO Bitcoin (BTC) futures ETF in October 2021 with half the substantial $100 million revenues from the GBTC transaction. He proposed that the acquisition of BITO is probably being used as […]
Cathie Wood Expects Spot Bitcoin ETF Approval in January 2024
Cathie Wood has expressed high confidence that the SEC will approve a spot Bitcoin ETF in January 2024 after having constructive dialogues with the filers. She also revealed that the SEC has asked detailed and technical questions, indicating its interest and clarity on the matter. The US investor and chief executive officer of ARK Invest […]
ARK Invest Sells 135K Coinbase Shares as Price Rises to $90
Cathie Wood’s ARK Invest is profiting from its large Coinbase shares holding by selling a small portion of its hoard following a brief price rise to $90 on July 11. On July 11, Wood’s investment firm ARK sold $12 million worth of Coinbase shares from its largest exchange-traded fund (ETF), the ARK Innovation ETF. According […]
Cathie Wood sells Tesla shares: Elon Musk Meets Indian PM
Prior to Elon Musk’s meeting with Indian Prime Minister Modi, Cathie Wood’s firm, Ark Invest, liquidated its Tesla stock holdings. Tuesday, Ark Invest, led by Cathie Wood, liquidated significant Tesla stock holdings in response to the EV giant’s eight-month highs and roughly 28% increase in June. The investment management firm sold 31,500 Tesla shares, valued […]