Ark Invest Adds $8.4M in Coinbase Shares, Remains Bullish
Ark Invest, the U.S. investment management firm led by Cathie Wood, has acquired more Coinbase shares, adding 129,604 shares worth over $6.4 million to its Ark Innovation ETF. The firm also added 23,456 shares to its Ark Next Generation Internet ETF and 15,809 shares to its Fintech Innovation ETF -- worth over $1.1 million and $790,000, respectively.
21Shares, Cathie Wood’s ARK Investment Believe ‘Persistence Will Pay Off’ in 3rd Filing for Spot Bitcoin ETF
Swiss-based fintech company 21Shares confimed a Bloomberg report that it has partnered with Cathie Wood-founded ARK Investment Management to refile for a spot-Bitcoin exchange-trade fund (ETF). Despite two previous filing rejections, 21Shares told CryptoSlate:
Cathie Wood & 21Shares Team Up To Unveil New Bitcoin ETF On Hopes Of SEC Approval
21Shares, an industry titan in offering crypto exchange-traded products, has teamed up with Cathie Wood’s ARK Investment Management, to resubmit an application for a spot-Bitcoin ETF. The announcement highlights that such a fund would provide US investors with greater security measures that are currently not available in the market.
Cathie Wood’s Ark Invest Buys $8.6 Million in Coinbase Stock As Crypto Exchange Sues SEC
Ark Invest, run by CEO Cathie Wood, purchased more shares in Coinbase Global Inc. on the same day the US-based crypto exchange announced it was suing the Securities and Exchange Commission. The ARK Innovation ETF purchased 122,083 shares, the ARK Next Generation Internet ETF added 20,327 shares, and the ARK Fintech Innovation ETF bought 14,633 shares, totaling nearly $8.6 million at current prices. Coinbase's lawsuit against the SEC follows a petition for a rulemaking that the company filed with the US securities regulator last summer, seeking a yes or no on its request for the commission to draft and approve a digital asset-specific rule. Coinbase can file another lawsuit to make a federal court force the SEC to make a new rule if the regulator declines.
Cathie Wood’s Ark Continues Its Coinbase and Block Buying Spree
Cathie Wood's Ark Invest continued to purchase shares in crypto exchange Coinbase and payments firm Block on Monday. The firm purchased 32,378 shares in Coinbase for the Ark Innovation ETF, as well as 5,347 shares for its Next Generation Internet ETF, following its acquisition of more than 182,000 shares on Friday. Meanwhile, Ark's Fintech Innovation fund purchased 18,555 shares in Block, following a purchase of more than 288,000 shares across three of its funds on Friday. This indicates Wood's conviction in the two companies, which have faced negative headlines recently. Coinbase received a Wells notice from the SEC, while Block faces accusations from short seller Hindenburg Research.
Cathie Wood’s ARK Buys Coinbase Shares Worth $17.8 Million
Cathie Wood’s investment firm, ARK Invest, bought 268,928 Coinbase [BASE] shares worth $17.88 million on 24 March through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds.
Cointime News Wrapup-Afternoon Version: Do Kwon Sent $4.5 Million to Top Korean Law Firm
It is alleged that Terraform Labs (TFL) CEO and founder Do Kwon sent $4.5 million to a top Korean law firm through transfers made in July and August of 2022.
Cathie Wood's ARK Loading up on Coinbase Shares Again, Buying $18M
Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice. On March 23, the firm purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds (ETFs), which are worth $17.88 million at the time of writing. Only two days prior, and before the news of the Wells notice broke, ARK Invest sold 160,887 Coinbase shares from its ARK Fintech Innovation ETF. The sale was the first time any of Ark Invest’s ETFs shed Coinbase shares in 2023. (Cointelegraph)
Cathie Wood Snaps Up Shares of Block Inc. Amid Hindenburg-Fueled Rout
Ark Investments founder and CEO Cathie Wood snapped up a huge chunk of Block Inc. (NYSE: SQ) shares while the stock price plunged nearly 15% dropping to $61.88 levels on Thursday, March 23, amid the short seller report by Hindenburg Research.
Cathie Wood Suffers Double Blow as Drama Hits Coinbase and Block
An activist short seller attack on one US firm and the threat of regulatory action against another have conspired to deal a double blow to Cathie Wood and ARK Investment Management, as both shares are among her top holdings.
