Cathie Wood News

Ark Invest, led by Cathie Wood, has once again reshaped its portfolio by selling over $1.4 million worth of Coinbase Global Inc shares. This decision, following a pattern of recent sell-offs, unfolds during a buoyant period in the cryptocurrency space, notably with Bitcoin trading above the crucial $40,000 threshold.

Haines joined the firm from ARK Investments, where she was chief strategy officer, working alongside Cathie Wood since 2021.

Cathie Wood has been touting her bullish stance on Bitcoin in recent months, her firm ARK Investment Management actually cut holdings in the Grayscale Bitcoin Trust. Ark Next Generation Internet ETF has sold more than 700,000 shares of Bitcoin Trust since Oct. 23, according to the ETF provider’s daily trading data compiled by Bloomberg. It offloaded 36,168 shares on Wednesday. Bitcoin Trust enables investors to gain exposure to Bitcoin in the form of security. The sales have taken place even as Bitcoin rose to its highest level since May 2022 earlier this month, rallying despite the uncertainty caused by policymakers taking action against crypto founders Changpeng “CZ” Zhao of Binance Holdings Ltd. and Sam Bankman-Fried of FTX. The cryptocurrency has more than doubled this year. Ark’s officials didn’t respond to Bloomberg’s e-mailed queries. US markets were closed for a Thanksgiving holiday on Thursday.

ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC) even as Wood continues to express a bullish outlook on Bitcoin.

ARK Invest, led by the pro-Bitcoin advocate Cathie Wood, and 21Shares, a renowned exchange-traded product (ETP) supplier, have announced the launch of a new suite of digital asset exchange-traded funds (ETFs). This collaboration marks a pivotal step in offering investors a comprehensive range of options for integrating digital assets into their investment portfolios.

A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing 

ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD).

Cathie Wood’s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum futures and blockchain technology.

Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey’s Block Inc and selling portions of its Grayscale Bitcoin Trust holdings.

Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash.

Cathie Wood-led Ark Invest offloaded 42,613 shares of US-based crypto exchange Coinbase through ARK Next Generation Internet ETF and ARK Fintech Innovation ETF as the price of Bitcoin closed in on $35,000 on Monday. 

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Influential investor Cathie Wood, CEO of Ark Invest, said that the researchers at the US Securities and Exchange Commission (SEC) are “really good”, and it’s the agency’s Chair Gary Gensler who is standing on the way of spot Bitcoin exchange-traded funds (ETFs).

Chair Martin Gilbert (pictured) said the sale delivers a «much-simplified» group.

ARK Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the British chip designer was overvalued relative to its competitive position.

AssetCo chair Martin Gilbert

U.S. Securities and Exchange Commission (SEC) is reportedly gearing up to approve several exchange-traded funds (ETFs) tracking Ethereum futures concurrently. This move signifies a potential shift in the regulatory stance towards digital asset-based ETFs.

The Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares bitcoin ETF application, delivering another delay for the long-awaited product. 

The US Securities and Exchange Commission (SEC) just delayed a decision on Ark Invest’s spot bitcoin exchange-traded fund (ETF) application by at least eight weeks by calling for a period of public comment.

The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management.