ARK Investments, under the leadership of Cathie Wood, has been making significant adjustments, demonstrating heightened exposure to the cryptocurrency market. In particular, the company has garnered attention for a series of transactions involving
Shopify, Coinbase, PagerDuty, Robinhood, Bitmine, and Bitcoin. Notably, ARK has been seen to offload
Shopify and Coinbase stocks, while investing in PagerDuty. Additionally, it invested
$37.4M in cryptocurrency ventures Bullish and Robinhood. Rushes to acquire
Coinbase and BitMine shares during market dips were also recorded.
Moreover, the ETF giant notably
boosted its crypto exposure when Bitcoin achieved a new high. This aligns with ARK's earlier announced
Bitcoin price target for 2030. It also bought shares from Bullish as the latter's shares soared 84% on debut. There has been a substantial switch from Bitcoin to Ethereum, with ARK divesting from Coinbase and investing $175M in Ethereum focused BitMine Immersion. While there are noticeable sell-offs of Coinbase shares, they seem to coincide with a larger strategy towards diversifying their crypto exposure and a shift towards Ethereum.
ARK Coin News Analytics from Tue, 18 Mar 2025 07:00:00 GMT to Sat, 23 Aug 2025 00:03:44 GMT -
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- Information 9
- Rumor 1
