ARK Invest, headed by CEO
Cathie Wood, has shown a significant interest in cryptocurrency, particularly
Bitcoin,
Coinbase, and
Solana. The fund has acquired a substantial amount of Coinbase shares and also Bitcoin, showing bullish sentiment towards cryptocurrencies. This has included buying dips in the market, re-adjusting their portfolio regularly with major trades in Coinbase and Robinhood stock, and predicting that Bitcoin will hit $1.5 million as adoption surges. The investment company has been moving away from its Bitcoin ETFs to concentrate more on specific stocks, namely Coinbase. Furthermore, ARK has shown particular interest in Solana, adding staked Solana to two tech ETFs. ARK Investors have also been followed by other institutional giants, such as
BlackRock and
Fidelity, in accumulating Bitcoin, a bullish indication for the coin. Despite a volatile market, ARK continues to display confidence in cryptocurrencies. However, it's noteworthy that Cathie Wood has voiced caution about meme coins asserting that most will end up worthless.
ARK Coin News Analytics from Wed, 09 Oct 2024 07:00:00 GMT to Wed, 23 Apr 2025 04:19:15 GMT -
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