Ark Invest’s founder did not invest in the first Bitcoin Futures ETF
Ark Invest founder and CEO Cathie Wood passed on buying the first Bitcoin futures ETF citing an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. According to Business Insider, Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, […]
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 […]
Ark Invest’s CEO predicts Bitcoin price will increase by tenfolds in the next five years
Cathie Wood, CEO of Ark Investment, believes BTC and ETH values will continue to rise as institutions adopt crypto, she also reiterated her prediction that the price of Bitcoin will increase tenfold in the next five years. According to Wood, Bitcoin will be worth about $500,000 by 2026. Ark Investment’s future crypto exposure, she indicated, […]