The recent news is replete with developments around
ARK Investment, led by the ever-famous
Cathie Wood. One of the significant threads commencing 2025 includes the low relative volatility of
Bitcoin, which ARK suggests could point towards
potential upsides. The news of multiple
Bitcoin ETFs entering 2025 with considerable success also makes the rounds. In a noteworthy move, ARK Invest purchased
$2.2M worth of
Coinbase shares not once, but several times, even amid price fluctuations. Despite a strong 80% rally and insider sales, ARK Invest shed around 0.1% of Coinbase.
Cathie Wood herself is bullish on Bitcoin, anticipating it would reach over a million dollars by the end of the decade. In connection with the
immense potential of Bitcoin, Wood has shown optimism for the future of U.S. innovation, considering the shakeup at SEC. Wood's ARK has been actively offloading other shares, like Robinhood, to focus more on Coinbase holdings. Amid these battlegrounds of buys and sells, there lies a
return of optimism for future Bitcoin's momentum. ARK, leading alongside Fidelity, has seen a surge in Bitcoin ETFs. In fact, ARK has commenced with offloading Robinhood shares while buying more Amazon and Coinbase stocks. By the news, it seems clear that the investment mind of Cathie Wood has set a bullish/crypto-forward journey over the next decade.
ARK Coin News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Wed, 15 Jan 2025 13:45:01 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 5
