Cathie Wood’s Ark Invest Becomes Latest Bitcoin ETF Applicant
When it comes to being a Bitcoin bull, Cathie Wood of Ark Invests goes all out. Ark Invest has applied for a Bitcoin ETF that tracks BTC futures, according to a recent SEC filing. The SEC has expressed interest in approving such a derivative product rather than directly tracking the underlying asset, which is actual […]
Michael Burry takes aim at Cathie Wood’s Ark Innovation ETF
Michael Burry, the famed investor from the film The Big Short, has taken a large short position against Cathie Wood’s Ark Innovation ETF (ETF). The ETF invests in companies such as Tesla and Square as well as GBTC. Burry’s hedge fund, Scion Asset Management, purchased $31 million worth of negative put options against 235,000 shares […]