With several announcements and shifts in its investment focus, ARK Invest, led by Cathie Wood, has made numerous moves in the cryptocurrency sector. Notable among them is its continual sale of Coinbase stocks, while simultaneously continuing its bullish stance on Bitcoin. Despite Bitcoin's price fluctuations, ARK CEO Cathie Wood has indicated that the Bitcoin Bullish run isn't over yet and believes we are only halfway through. In terms of newer cryptocurrency assets, ARK Labs has launched a new Bitcoin Layer 2 payments network. Furthermore, recent development efforts focus on transparency in cryptocurrency transactions, with ARK working with 21Shares to reveal Bitcoin ETF reserves. Despite having previously held large positions in Coinbase and Robinhood, ARK has offloaded significant stocks from both firms, continually rebalancing their portfolio. Contrarily, ARK has recently invested in newer financial platforms like SoFi and even acquired shares in social media companies. Cathie Wood has reiterated her prediction that Bitcoin prices will eventually touch $1.5M, remaining optimistic despite record outflows from the ARK Bitcoin ETF.
ARK Coin News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Thu, 11 Jul 2024 11:15:15 GMT -
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