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Ark Invest Now More Confident in Bitcoin Reaching $1.5 Million, CEO Says


The CEO of investment management firm Ark Invest, Cathie Wood, has explained why her firm’s confidence in bitcoin’s price reaching $1.5 million has increased. Citing the crypto’s performance during the regional bank crisis earlier this year, she stressed, “That was...

ARK Invest Bets Big on Meta Platforms and Robinhood, Reduces Coinbase Position


Investment management firm ARK Invest has started accumulating Meta and Robinhood shares while selling more Coinbase shares.  On Friday, the company offloaded 478,356 Coinbase shares valued at $53 million as the crypto exchange’s stock prices reached a 52-week high.... Read More: ARK Invest Bets...

Cathie Wood's Ark Invest Sells $53 Million Coinbase Shares Amid Record Highs


Cathie Wood’s Ark Invest sold 478,356 Coinbase shares valued at $53 million on Friday as the crypto exchange’s stock prices reached a 52-week high.  This is the second time Cathie Wood-led investment management firm offloaded Coinbase shares within a week. As reported earlier, Ark Invest sold...

All-time High in Bitcoin's Unmoved Supply as Institutional Interest Rises


The unmoved supply of Bitcoin (BTC) reached an all-time high in June, with nearly 70% of the circulating supply not moving for a year, a report from asset manager Ark Invest has said. The report, titled “The Dawn of the ETF Era?” focused on the potential for a new spot Bitcoin exchange-traded fund...

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