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Bitcoin Emerges as ‘Flight to Safety’ Asset, Outshining Gold, Says Cathie Wood
7.2.2024
ARK Invest’s CEO Cathie Wood believes there is a shift in investment trends, specifically, a growing preference for bitcoin over traditional gold investments. This trend has been particularly pronounced following the launch of spot bitcoin ETFs, offering investors streamlined access to...
Bitcoin ETFs Mean 'Substitution' From Gold Into BTC Will Continue, Says Cathie Wood
6.2.2024
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
4.2.2024
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 described in its Big Ideas 2024 publication....
Ark Invest Breaks Down What it Would Take for Bitcoin to Hit $2.3M
1.2.2024
Investment firm Ark Invest published its latest Big Ideas report on Wednesday, outlining a pathway for Bitcoin to hit $2.3m. Ark’s Brett Winton wrote that for the best returns over 5 years, keeping 0.5% of one’s investments in Bitcoin would have been ideal. On average, allocating about 4.8%...
ARK Invest Says Optimal Bitcoin Portfolio Allocation For 2023 Was 19.4%
1.2.2024
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
26.1.2024
ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value
ARK CEO Cathie Wood Calls Bitcoin The “Biggest Of All Crypto Ideas”
24.1.2024
Cathie Wood – CEO of tech-focused investment manager ARK Invest – says her conviction in Bitcoin (BTC) remains unshaken despite the asset’s recent “sell the news” market wipeout. Bitcoin climbed for four months in a row after Bitcoin asset manager Grayscale bested crypto-skeptical federal...
Cathie Wood’s Ark Buys $64M of its Spot Bitcoin ETF Since Launch
23.1.2024
Famed money manager Cathie Wood’s investment firm bought an extra $21m of its bitcoin-based spot ETF on Monday, bringing its total purchases in the fund to around $64m. Ark Invest bought 523,541 shares of the Ark 21Shares Bitcoin ETF (ARKB) on Monday via its Ark Next Generation ETF (ARKW),...
Bitcoin Could See a “Nice Slug” of Gold’s Trillion-Dollar Asset Value, Cathie Wood Says
19.1.2024
ARK Investment Management CEO Cathie Wood believes Bitcoin (BTC) could soon be nearly as valuable as gold, according to a recent interview she conducted with Brazilian financial markets information firm, InfoMoney. As good as gold? “Gold is a trillion-dollar asset out there, and we do believe...
Cathie Wood’s Ark Invest Buys Another $15M of its Spot Bitcoin ETF Shares
19.1.2024
Cathie Wood’s Ark Invest has continued to buy its own ARK 21Shares spot Bitcoin exchange-traded fund (ETF) worth $15 million. Cathie Wood and Ark Invest's trade activity from today 1/18 pic.twitter.com/zFT4XXbstM — Ark Invest Daily (@ArkkDaily) January 19, 2024 According to Ark Invest...
ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF
19.1.2024
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
19.1.2024
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, has made several trades based around bitcoin...
Ark Invest’s Crypto-Powered ESG Fund Emerges as Top Performer of 2023
17.1.2024
Ark Investment Management’s best-performing ESG fund of 2023 had made a bold bet on cryptocurrencies. The $2.4 billion Nikko AM Ark Positive Change Innovation Fund (ticker NIPCIPJ LX) achieved an outstanding return of 68% last year, surpassing the gains of the S&P 500 index. What makes...
ARK Buys $15.9M Worth of Its Own Bitcoin ETF
17.1.2024
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
Bitcoin Price Prediction: BTC Choppy Near $42,600, Ark & BlackRock Stir Buzz
15.1.2024
As the trading week begins, Bitcoin exhibits a choppy pattern, marginally up by 0.06% and hovering around $42,635. The cryptocurrency landscape is buzzing with notable developments that could shape its short-term trajectory. Ark Invest’s Cathie Wood, a known advocate for Bitcoin, continues...
Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF Trading — Ark CEO Says ‘It’s a Terrible Mistake’
14.1.2024
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 it will no longer accept the purchase...
Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says
13.1.2024
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 the U.S. Securities and Exchange Commission (SEC)...
Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally
12.1.2024
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
11.1.2024
ARK Invest's CEO previously predicted the price to reach $1 million by 2030
Cathie Wood Lashes Out at Gary Gensler Over Criticism of Crypto Space after Approving Spot Bitcoin ETFs
11.1.2024
Ark Invest CEO Cathie Wood has expressed disappointment at the statement made by SEC Chair Gary Gensler shortly after the agency approved a dozen exchange-traded funds (ETFs) that directly hold Bitcoin. “He just denigrated the whole crypto space. I couldn’t believe it,” she said...