Cathie Wood: Not worried about Bitcoin’s recent decline
Cathie Wood, CEO of Ark Invest, said in an interview on CNBC that she is not worried about the recent drop in Bitcoin price, which she attributes to FTX's large-scale selling of GBTC assets and the "news sell-off" phenomenon.
ARK Invest increased its holdings of 47,714 Robinhood shares yesterday
Cathie Wood's ARK Invest increased its holdings of Robinhood stock HOOD by a total of 47,714 shares through the ARKK and ARKW funds on Thursday, February 1st. Based on yesterday's closing price, this is equivalent to approximately $512,400.
ARK Invest once again bought ARK 21Shares Bitcoin Spot ETF worth approximately $5.35 million yesterday
Ark Invest Daily data showed that Cathie Wood's ARK Invest purchased 127,435 shares of the ARK 21 Shares Bitcoin Spot ETF on January 26th (equivalent to approximately 5.354 million US dollars at yesterday's closing price), while selling 78,345 shares of the ProShares Bitcoin Futures ETF (equivalent to approximately 1.59 million US dollars at yesterday's closing price).
ARK Invest has bought approximately $62.3 million in ARKB since January 19 and sold approximately $42.8 million in BITO.
Cathie Wood's ARK Invest has sold a total of 2,226,191 shares of Bitcoin futures ETF BITO through ARKW since January 19, valued at approximately $42.8 million based on Thursday's closing price of $19.22. At the same time, the company purchased 1,563,619 shares of ARK 21 Shares Bitcoin Spot ETF (ARKB), valued at approximately $62.3 million. ARKW currently holds $91.4 million in ARKB, accounting for 5.98% of the fund's total value.
Cathie Wood's Ark Invest Buys ARKB Spot Bitcoin ETF Shares, Offloads ProShares Holdings
Ark Invest, the asset management firm led by Cathie Wood, has sold holdings in ProShares Bitcoin Strategy ETF to purchase units in its newly launched Ark 21Shares spot Bitcoin ETF. This move has given Ark Invest an advantage over competitors due to its active portfolio management strategy and global availability to investors. Ark Invest will continue to buy ARKB spot Bitcoin ETF units until the target buying value is reached. Additionally, Cathie Wood commented on Bitcoin mining generating more annual revenue than some of the largest publicly traded companies.
ARK Invest bought approximately $13.21 million in ARK 21 Shares Bitcoin ETF yesterday
Cathie Wood's ARK Invest bought 316,526 shares of the ARK 21 Shares Bitcoin ETF (worth about $13.21 million) through the ARKW fund yesterday, while selling 510,337 shares of the ProShares Bitcoin Strategy ETF (worth about $10.25 million).
ARK Invest sold 2 million Coinbase shares in Q4 2023
Lookonchain monitoring indicates that in Q4 2023, Cathie Wood's ARK Invest sold 2 million shares of Coinbase (worth $218.4 million) and all 5.63 million shares of Grayscale Bitcoin Trust (worth $159.8 million). They then bought 4.55 million shares of ProShares Bitcoin Strategy ETF (worth $82.3 million) and 2.1 million shares of Robinhood (worth $20.87 million).
ARK Invest bought $15.89 million of the ARK 21Shares Spot Bitcoin ETF yesterday and sold $15.84 million of the ProShares Bitcoin Strategy ETF.
According to the statistics of Ark Invest Daily on January 17th, Cathie Wood's ARK Invest bought 385,427 shares of ARK 21SHARES BITCOIN ETF through the ARKW fund on January 16th (valued at approximately $15.89 million at yesterday's closing price), while selling 757,664 shares of ProShares Bitcoin Strategy ETF (valued at approximately $15.84 million at yesterday's closing price).
Ark Invest reduced its holdings of Coinbase shares by $20.6 million yesterday
Cathie Wood's Ark Invest sold a total of 133,823 shares of Coinbase stock COIN through ARKK, ARKW, and ARKF funds on Friday (January 5), worth about $20.6 million.
ARK Invest sells $25M worth of Coinbase shares
Cathie Wood's ARK Invest sold over $25 million worth of Coinbase (COIN) stock from its two exchange-traded funds (ETFs) on Wednesday. The investment firm sold a total of 166,183 COIN shares from its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW), valued at $25.3 million based on the closing price of the cryptocurrency exchange.
