ARK Invest has deepened its crypto exposure by acquiring $182 million worth of BitMine shares across multiple ARK funds, marking a significant vote of confidence in BitMine’s aggressive Ethereum strategy. Announced on July 22, the deal involved the purchase of 4.77 million BitMine shares through a block trade tied to ...
Cathie Wood’s ARK Invest has unveiled a bullish new outlook for Bitcoin, forecasting that the leading cryptocurrency could soar to as high as $2.4 million by 2030. The projection was shared in the firm’s April 24 report, highlighting Bitcoin’s long-term potential across various financial sectors. The investment firm laid out ...
According to a recent report by ARK Invest titled "Big Ideas 2025," stablecoin adoption surged in 2024, with transaction volumes reaching a record-breaking $15.6 trillion, surpassing the combined volumes of major players like Visa and Mastercard by notable margins—119% over Visa and 200% over Mastercard. This surge represents a five-year ...
For the first time since the introduction of spot Bitcoin ETFs in the US market, Grayscale Bitcoin Trust Shares ($GBTC) did not register the most daily outflows from its portfolio, as ARKB Invests' $ARKB surpassed its $82 million outflows with up to $6 million. According to a report from Farside ...
On May 1, 2023, ARK Invest, an investment management firm, announced that it had increased its stake in Coinbase by acquiring 168,869 shares, valued at $8.5 million, and adding them to its portfolio exchange-traded funds (ETFs): Ark Innovation (129,604 shares), Ark Next Generation Internet (23,456 shares) and Fintech Innovation (15,809 ...
