Notable news in the cryptocurrency investment industry includes Cathie Wood's ARK Invest frequently trading shares in both Coinbase and Tesla, with sales reaching as high as $150M and $15M, respectively. In the meantime, the company's actions in relation to the Bitcoin exchange-traded fund (ETF) have been contradictory as they experienced substantial $6.2M outflow but simultaneously led Bitcoin ETFs to inflows with ARKB's $133.1M surge.
Elsewhere, ARK made investments into potential Netflix competitors and Elon Musk's AI venture, whilst also wrapping up their partnership with 21Shares on an Ether ETF. Notably, ARK's decision seems to be in line with the general climate in the industry as miners adapt following cryptos halving.
It appears ARK Coin's recent strategic move has led to the development of a Bitcoin Layer 2 payment network. In terms of the crypto's own developments, predictions for Ark price in 2024 have started circulating. With discussions between El Savador's president and Cathie Wood over vision for a BTC hub, as well as frequent trading of large-volume Coinbase shares, anticipation bubbles for the crypto-market's future actions.
ARK Coin News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Thu, 04 Jul 2024 13:24:04 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor -4