Cathie

How Cathie Wood’s ARK Invest has been cashing in on Bitcoin’s rally

ARK Invest offloaded Coinbase, GBTC shares worth $5.8 million. The Bitcoin rally was triggered by enthusiasm around BlackRock and GBTC moving closer to launching their BTC ETFs. Cathie Wood’s ARK Invest is in the news again due to its recent trades worth millions of dollars. A Twitter handle monitoring ARK’s daily trades highlighted these transactions. …

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ARK’s Cathie Wood expects multiple Bitcoin ETFs to be approved at once

Wood thinks recent actions of the SEC signaled a change in its attitude. This change in attitude can be attributed to the recent court judgement in the SEC vs Grayscale Investments case. ARK Invest CEO Cathie Wood is optimistic about multiple spot Bitcoin [BTC] exchange-traded funds (ETFs) being approved by the U.S. Securities and Exchange …

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