ARK Invest, led by Cathie Wood, has engaged in significant trading activity related to
Coinbase shares, frequently buying and selling the stock amid the market's fluctuations. Recent reports indicate ARK has sold off millions of dollars in Coinbase stocks on more than one occasion, reflecting its approach in adjusting its portfolio to the market's dynamics. However, ARK has also repeatedly purchased substantial amounts of Coinbase stocks, amidst market slumps and volatility. This suggests the investment firmβs confidence in the potential for digital assets in the long term. Cathie Woods has shared her bullish outlook for Bitcoin, predicting a potential price rise to
$1 million by 2030, indicating her belief that cryptocurrencies are still in their early stages.
ARK Labs, an affiliate, has raised funds to develop Bitcoin payment solutions, underlining ARK's interest in enhancing the scalability and usability of Bitcoin. Despite ARK's investment activity in Bitcoin ETFs being more variable, the overall view from ARK suggests a strong belief in the sustained bullish momentum for Bitcoin into 2025.
ARK Coin News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Wed, 22 Jan 2025 15:13:09 GMT -
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