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Cathie Wood’s ARK Offloads $90M Coinbase Shares Amid Slew of Analyst Upgrades

[Feb 19 1:15 AM] ARK offloaded Coinbase shares from ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.

Cathie Wood's ARK Invest Sells Coinbase Shares for First Time in a Month

[Feb 15 2:55 AM] ARK sold $34.3 million of shares in the crypto exchange, which is due to report earnings after the U.S. market closes.

Ark Invest and 21shares Amend Spot Ether ETF Filing, Now More Aligned With SEC Preferences

[Feb 9 2:30 AM] In a move to possibly align more with the SEC regulatory framework, Ark Invest and 21shares have amended their filing for a spot ether ETF, introducing a cash creation and redemption mechanism that mirrors the SEC’s recent approval criteria…

Bitcoin ETFs Mean 'Substitution' From Gold Into BTC Will Continue, Says Cathie Wood

[Feb 6 10:18 AM] While bitcoin's price is often denominated against fiat currencies, Wood pointed out that even relative to gold, BTC has risen consistently since its early days.

Ark Invest Discusses 4 ‘Major Catalysts’ Driving Bitcoin Price in 2024

[Feb 3 10:00 PM] Asset management firm Ark Invest has highlighted four major catalysts that will drive the price of bitcoin this year. “Bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios,”…

ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%

[Feb 1 1:22 AM] The optimum allocation is up from 0.5% in 2015 and 6.2% in 2022.

ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO

[Jan 26 4:29 AM] ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value.

ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF

[Jan 19 2:02 AM] Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.

Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF

[Jan 18 5:00 PM] Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood…

ARK Buys $15.9M Worth of Its Own Bitcoin ETF

[Jan 17 5:46 AM] ARK sold a similar amount - $15.8 million - worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.

Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF Trading — Ark CEO Says ‘It’s a Terrible Mistake’

[Jan 14 1:30 AM] Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that…

Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says

[Jan 12 8:00 PM] Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by…

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

[Jan 12 9:54 AM] Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval

[Jan 11 12:05 PM] ARK Invest's CEO previously predicted the price to reach $1 million by 2030.

Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder

[Jan 10 3:46 PM] Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.

ARK's ETF Rebalancing Continues With $20.6M Coinbase Sale

[Jan 8 3:06 AM] ARK Invest has a target of no individual stock surpassing 10% weighting of an ETF's value. COIN doubled in price in the last three months of 2023, bringing about consistent sales of the crypto exchange's stock by ARK.

Ark Invest Continues to Sell Coinbase Shares

[Jan 6 5:00 AM] In a strategic move, Ark Invest has offloaded another portion of its Coinbase holdings, selling over $29 million worth of COIN shares from its ETFs. This decision aligns with Ark’s target weighting policy and follows Coinbase’s strong…

ARK Invest Sells Another $4.2M of Coinbase Shares

[Jan 5 8:36 AM] COIN constitutes a 10.34% weighting of ARK's Innovation ETF, a stake worth over $872.5 million.

Cathie Wood's ARK Invest Offloads $25M of Coinbase Shares

[Jan 4 3:35 AM] Coinbase's Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market's rally halted.

ARK Invest Pivots To Bitcoin As Cathie Wood Expects BTC Price To Explode

[Dec 29, 2023 10:00 AM] CEO of ARK Invest, Cathie Wood has shared her perspective on the approval timeline for Spot Bitcoin ETFs. She has also highlighted the significant impact the official authorization of Bitcoin ETFs would have on the price of BTC. BTC Price Boom…

Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price ‘Significantly’

[Dec 28, 2023 10:30 PM] Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC). “All we need is for…

Cathie Wood’s ARK ETF Overhauls Bitcoin Portfolio: ProShares In, Grayscale Out – What’s The Strategy?

[Dec 28, 2023 3:30 PM] In a significant shake-up of its Bitcoin (BTC)-related holdings, Cathie Wood’s ARK Next Generation Internet exchange-traded fund (ETF) has made strategic changes as BTC ends the year with a significant 156% surge. According to a Bloomberg…

Cathie Wood's ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings

[Dec 28, 2023 4:17 AM] The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN.

ARK Invest Coinbase Share Sale Takes December Total Close to $200M

[Dec 21, 2023 6:21 AM] Cathie Wood's investment firm also sold GBTC stock while increasing its holdings of Block.

ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High

[Dec 14, 2023 2:56 AM] The firm has sold over $150 million worth of stake in COIN since Dec. 5.

ARK Invest Sells Coinbase Shares for Third Straight Day

[Dec 13, 2023 4:13 AM] The investment firm has sold the crypto exchange's stock on all but two trading days this month.

Cathie Wood's ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares

[Dec 12, 2023 3:39 AM] Digital asset manager Grayscale's bitcoin investment vehicle's shares fell 8.6% Monday, reflecting the day's 5.8% drop in bitcoin.

Cathie Wood's ARK Invest Sells Most Coinbase Shares Since July as Price Rises

[Dec 11, 2023 3:47 AM] ARK has been consistently selling Coinbase stock in recent weeks. Friday's is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.

Cathie Wood's ARK Invest Sells Another $24.3M of Coinbase Shares

[Dec 7, 2023 3:33 AM] Coinbase shares fell on Wednesday from the 19-month high of $147.86 touched earlier in the week, closing at $134.63.

Cathie Wood's ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust

[Dec 6, 2023 3:17 AM] ARK sold a total of 237,572 COIN shares across three different ETFs: ARKK, ARKW and ARKF.