ARK Invest has tactically sold an additional $4.2 million worth of Coinbase shares, following a prior $25 million offload. This strategic move suggests a dynamic adjustment to ARK's portfolio amidst changing market conditions, with Coinbase's stock maintaining a significant position in ARK's Innovation ETF.
BerniceARK Invest, managed by Cathie Wood, attracted attention for selling $25 million in Coinbase (COIN) shares on January 3, amid a 3% stock decline to $152.24. This divestment trend has continued since December 2023, totaling over $125 million in COIN shares, signifying a significant shift in the company's investment strategy.
Xu LinAccording to the latest submission for amendment, the applicants made another change to the Ark 21Shares Bitcoin ETF filing with the US SEC.
ZoeyARK Invest, led by Cathie Wood, has strategically liquidated its remaining $200 million GBTC holdings, redirecting $100 million to Bitcoin Futures ETF Bito. The move aligns with the anticipation of a potential spot Bitcoin ETF approval, reflecting ARK's proactive response to evolving market dynamics. Wood's optimism about Bitcoin's long-term growth remains strong, despite short-term market fluctuations tied to regulatory speculation.
BerniceArk Invest reallocates resources, investing heavily in Pinterest while reducing cryptocurrency holdings.
EdmundMajor financial institutions, including JP Morgan's Onyx and Apollo Global, collaborate with the Monetary Authority of Singapore to explore blockchain integration for streamlined portfolio management.
JasperIn the months preceding FTX’s spectacular demise, reports revealed that the crypto exchange secretly diverted some $4 billion in company funds.
decryptA look inside Sam and Caroline’s grab-bag of crypto, etc.
Financial TimesAccording to FTX/Alameda's spreadsheet, the portfolio of FTX/Alameda contains nearly 500 illiquid investments spread across 10 holding companies.
OthersThe CEO of Ark Investment believes that the development of Ethereum is promising, and as more companies and institutions adopt Bitcoin, the value of Bitcoin will continue to rise.
Cointelegraph