⇗ ARK Coin: Aggressive Diversification and Meme Coin Warnings

ARK Blockchain's Education Initiative recently shared a December 2024 update. Cathie Woods from Ark Invest gave a warning regarding the Meme Coin Mania and indicated that most meme coins are expected to reach zero value. Amongst the stocks to buy from Ark Invest’s portfolio is Coinbase Global (COIN), whilst the latest reports show no capital inflow into Ark Bitcoin ETFs. ARK invest continues to swap its own BTC ETF with shares of Coinbase, and in a recent purchase, to the tune of $8 million. Woods remains bullish on Bitcoin and seeks to bring Ark's funds on-chain despite the market slump.

Moreover, Ark has expanded its BTC strategy, buying 997 BTC worth $80M via Coinbase. Ark Invest predicts Bitcoin price could jump by 1,660% to reach £1.1M by 2030. It also turned to Coinbase and Robinhood stocks after the market carnage, balancing its portfolio despite market volatility. ARK Invest recently sold 0.1% of its Coinbase (COIN) shares during its strong 80% rally and insider sales. The firm continues to load up on promising cryptocurrencies while offloading some assets like its own Bitcoin ETFs, and it also participated in the $403M raise for AI robotics firm Apptronik. ARK Invest and Cathie Wood make no secret about their optimistic view on cryptocurrencies, except for meme coins like TRUMP coin, where Wood affirmed that it serves no utility. Wood maintains that the current market is ‘too pessimistic’ and could be heading for substantial growth by 2035.

ARK Coin News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Wed, 26 Mar 2025 13:17:54 GMT - Rating 5 - Innovation 8 - Information 7 - Rumor -3