On November 6th, ARK Invest adjusted its investment portfolio and purchased 113,326 shares of Block Inc. through its flagship products, ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Based on Block's closing price of $49.52 that day, the total value of the transaction was approximately $5.61 million. In addition, Ark Invest sold approximately $3.76 million worth of GBTC through ARKW. Data shows that GBTC's closing price on Monday was $26.95. Previously, Cathie Wood, founder of investment management company ARK Invest, stated that in addition to having potential in an inflationary environment, Bitcoin can also serve as a hedge tool against deflation.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
ARK Invest sold approximately US$3.76 million worth of GBTC yesterday and bought US$5.61 million in Block shares.
-
Wechat scan to share
Recommended for you
-
GCEX Expands Crypto Custody Solutions With New Hex Trust Service
The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
-
FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale
The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m. FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
-
How Q Protocol is changing the future of blockchain governance: Report
Cointelegraph Research delves into Q Protocol’s unique governance framework, which combines onchain mechanism with legal agreements.
-
Movement developers plan token generation event on Ethereum ahead of mainnet launch
The Movement blockchain project has introduced its native MOVE token with a supply of 10 billion tokens. MOVE will initially be launched as an ERC-20 token during a token generation event on Ethereum.
-
Crypto Banking in the UAE: The Path to Licensing and Compliance
Companies must meet several financial and operational criteria, such as minimum capital requirements and maintaining liquid assets. The licensing process can take between 4 to 12 months and involves significant costs.
-
Coinbase International has launched COW perpetual contracts
Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available. -
Binance will delist GFT, IRIS, KEY, OAX, and REN
Binance will delist the following trading pairs on December 10, 2024: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Additionally, Binance Futures will close all positions and automatically settle the KEYUSDT and RENUSDT USDⓈ-M perpetual contracts on December 3, 2024 at 09:00 (UTC). After the settlement is completed, the contracts will be delisted. -
XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22
On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8). -
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC). -
Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network
According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments