Zacks Investment evaluates various Bitcoin ETFs, noting ARK 21 Shares Bitcoin ETF, iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin ETF, including companies like MicroStrategy and Coinbase Global. As Bitcoin enters a new cycle approaching 2025, Ark Labs focuses on scalable solutions for Bitcoin's growth. Both ARK Invest and Ark Labs believe in Bitcoin's continuous bullish momentum in the next years.
The current administration could open up possibilities for firms like Circle and Kraken, significantly impacting the crypto landscape according to ARK Invest's Cathie Wood. ARK Invest has been actively purchasing Coinbase shares, offloading other investments like Robinhood to prioritize crypto-assets. The investment firm predicts Bitcoin's explosion to a whopping $1.5M by 2030 citing strategic Bitcoin reserves as future-proofing strategy.
However, recent actions have shown a decrease in ARK Invest's hold on Coinbase shares and its Bitcoin ETF due to shifts in the crypto market, deciding to invest in other promising stocks instead. Despite this, the firm remains optimistic about Bitcoin's market structure, believing it's on an 'uptrend'.
Other developments include ARK's recent investment in Ark Labs, a startup focusing on Bitcoin Layer 2 payments network, aiming for smoother Bitcoin transactions. As a result, ARK 21Shares Bitcoin ETF integrates Chainlink's Proof of Reserve to improve its transparency.
ARK Coin News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Wed, 04 Dec 2024 10:04:00 GMT -
Rating 4
- Innovation 8
- Information 7
- Rumor -2
