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💥 Cathie Wood's #ArkInvest made a significant move, selling 335,860 #Coinbase shares, its largest since July, raising $49.2M.
😮 Despite this, #COIN still represents over 11% in ARKK & ARKW and 13% in ARKF
😮 Despite this, #COIN still represents over 11% in ARKK & ARKW and 13% in ARKF
Ark Invest added 63,585 COIN shares, worth $3.9 million, across two funds.
#ArkInvest #COIN #crypto2023 #dyor #investing
#ArkInvest #COIN #crypto2023 #dyor #investing
#ArkInvest (Asset management company) added a massive 162,325 #Coinbase #shares (worth $9,267,134.25) to its portfolio on Friday, alongside a substantial purchase of 263,504 #Robinhood shares (worth $2,629,769.92)
News of the purchases comes by way of a trade notification email.
News of the purchases comes by way of a trade notification email.
💼 ETF Fee Update: ArkInvest's Bitcoin spot ETF management fee rises to 80 basis points (0.8%), a 0.1 percentage point increase from the previous application, prompting analysts to suggest potential increased operating costs. ProShares BTC futures ETF, currently traded, charges a 95bp fee. 📈💰 #ArkInvest #BitcoinETFLaunch #CryptoNews
VanEck and ARK ETF Filings Begin Countdown for Spot Ethereum ETFs: Analyst
CryptosHeadlines.com - The Leading Crypto Research Network
Bloomberg’s ETF analyst, James Seyffart, anticipates that additional spot Ethereum ETFs will be submitted in the upcoming days.
The race to launch the first Ethereum exchange-traded fund (ETF) in the United States has begun. This kickstarted when the Chicago Board Options Exchange (CBOE) submitted two 19b-4 applications to the Securities and Exchange Commission (SEC) on September 6.
These applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF to be listed on CBOE’s BZX Exchange.
Bloomberg’s ETF analyst, James Seyffart, explained that these 19b-4 filings signal the start of the countdown for an SEC decision.
He declared, “The race for the Spot Ethereum ETF is officially underway,” and estimated that a final decision from the SEC could be expected around May 23, 2024.
A 19b-4 form is a request filed by organizations like stock exchanges, asking the U.S. Securities and Exchange Commission (SEC) for a rule change. On the other hand, an S-1 filing is just a declaration of a company’s intention to list a specific investment product on a national exchange.
Now, the SEC must review the 19b-4 filings and make a decision. However, like they did with spot Bitcoin ETFs, the SEC can also delay its decision.
ARK Invest and 21Shares jointly submitted an S-1 to the SEC on September 6, while VanEck’s S-1 filing dates back to July 2021.
Seyffart anticipates that more applications for spot Ethereum ETFs will be submitted in the near future.
On August 17, the SEC showed its interest in approving investment products related to Ethereum Futures. At the same time, various companies like Grayscale Investments and BlackRock are actively seeking approval for a Bitcoin ETF that tracks the actual Bitcoin spot price.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#EthereumETF #ETF #VanEck #ArkInvest
Bloomberg’s ETF analyst, James Seyffart, anticipates that additional spot Ethereum ETFs will be submitted in the upcoming days.
The race to launch the first Ethereum exchange-traded fund (ETF) in the United States has begun. This kickstarted when the Chicago Board Options Exchange (CBOE) submitted two 19b-4 applications to the Securities and Exchange Commission (SEC) on September 6.
These applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF to be listed on CBOE’s BZX Exchange.
Bloomberg’s ETF analyst, James Seyffart, explained that these 19b-4 filings signal the start of the countdown for an SEC decision.
He declared, “The race for the Spot Ethereum ETF is officially underway,” and estimated that a final decision from the SEC could be expected around May 23, 2024.
A 19b-4 form is a request filed by organizations like stock exchanges, asking the U.S. Securities and Exchange Commission (SEC) for a rule change. On the other hand, an S-1 filing is just a declaration of a company’s intention to list a specific investment product on a national exchange.
Now, the SEC must review the 19b-4 filings and make a decision. However, like they did with spot Bitcoin ETFs, the SEC can also delay its decision.
ARK Invest and 21Shares jointly submitted an S-1 to the SEC on September 6, while VanEck’s S-1 filing dates back to July 2021.
Seyffart anticipates that more applications for spot Ethereum ETFs will be submitted in the near future.
On August 17, the SEC showed its interest in approving investment products related to Ethereum Futures. At the same time, various companies like Grayscale Investments and BlackRock are actively seeking approval for a Bitcoin ETF that tracks the actual Bitcoin spot price.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#EthereumETF #ETF #VanEck #ArkInvest
📉 #ArkInvest offloads 149,780 #COIN shares worth $24.2M from ETFs as Coinbase hits yearly highs.
🔄 In the last month, #Ark has sold over $200M in Coinbase stock.
💸 Ark also sold 398,383 #GBTC shares for $14.3M.
🔄 In the last month, #Ark has sold over $200M in Coinbase stock.
💸 Ark also sold 398,383 #GBTC shares for $14.3M.
Ark Invest Sells Grayscale in Bitcoin Boom
Post By: CryptosHeadlines.com
Cathie Wood’s company, Ark Invest, has made changes to its investments due to Bitcoin’s big jump in value. Even though a court ruled in favor of Grayscale in the Grayscale-SEC lawsuit about Bitcoin ETFs, which helped boost Bitcoin’s price, Ark Invest still sold shares of Coinbase and the Grayscale Bitcoin Trust.Ark Invest Sells Coinbase and Grayscale, Buys Robinhood and Moderna Shares
Ark Invest, led by Cathie Wood, made some notable moves in their portfolio. They sold over 42,000 Coinbase shares, valued at $3.3 million, and more than 100,000 Grayscale Bitcoin Trust shares worth $2.5 million. Despite these sales, Ark Invest is optimistic about Bitcoin’s future, with hopes of it reaching $1.48 million by the end of the decade, especially if spot Bitcoin ETFs are approved.
Additionally, they acquired nearly 260,000 shares of Robinhood, reinforcing their position as the second-largest institutional holder of Robinhood stock. They also bought shares of Moderna while selling some NVIDIA shares. This update also touches on Ark Invest’s history with NVIDIA and makes comparisons to investment strategies of firms like Apple and Tesla.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #ArkInvest #Grayscale
Cathie Wood’s company, Ark Invest, has made changes to its investments due to Bitcoin’s big jump in value. Even though a court ruled in favor of Grayscale in the Grayscale-SEC lawsuit about Bitcoin ETFs, which helped boost Bitcoin’s price, Ark Invest still sold shares of Coinbase and the Grayscale Bitcoin Trust.Ark Invest Sells Coinbase and Grayscale, Buys Robinhood and Moderna Shares
Ark Invest, led by Cathie Wood, made some notable moves in their portfolio. They sold over 42,000 Coinbase shares, valued at $3.3 million, and more than 100,000 Grayscale Bitcoin Trust shares worth $2.5 million. Despite these sales, Ark Invest is optimistic about Bitcoin’s future, with hopes of it reaching $1.48 million by the end of the decade, especially if spot Bitcoin ETFs are approved.
Additionally, they acquired nearly 260,000 shares of Robinhood, reinforcing their position as the second-largest institutional holder of Robinhood stock. They also bought shares of Moderna while selling some NVIDIA shares. This update also touches on Ark Invest’s history with NVIDIA and makes comparisons to investment strategies of firms like Apple and Tesla.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #ArkInvest #Grayscale
Report from Ark Invest confident about next #bitcoin price actions due to:
- low volatility patterns are similar to 2017 💤
- decrease in hash rate 📉
- lowest selling pressure since Q4 of 2020 🔻
- short-term holders’ profit/loss ratio trend reversal ◀️ #ArkInvest #crypto2023
👀🙌
- low volatility patterns are similar to 2017 💤
- decrease in hash rate 📉
- lowest selling pressure since Q4 of 2020 🔻
- short-term holders’ profit/loss ratio trend reversal ◀️ #ArkInvest #crypto2023
👀🙌
Interesting market move - #CathieWood of #ArkInvest makes strategic moves in the market, acquiring $9.2 million shares of ProShare $BTC #ETFBitcoin while divesting $27.6 million worth of $COIN. 📈💼 #bitcoinetf #Crypto
Grayscale Investments CEO Michael Sonnenshein commented on the launch of spot #BitcoinETF💰💰💰 , stating that he believes no more than three funds will survive in the market, each with a critical mass of assets. He also declared that #Grayscale Investments has no plans to reduce the management fee for the fund, which stands at 1.5%, the highest among comparable products in the market.
Sonnenshein expressed confidence that not all of the 11 approved spot Bitcoin ETFs currently available will remain operational. He emphasized that eventually, there will be consolidation, with only a few funds holding a critical mass of bitcoins, while others may merge with larger products or exit the market.
Addressing the high management fee, Sonnenshein highlighted several reasons why the company is not considering a reduction:
GBTC remains a liquidity leader among spot Bitcoin ETFs, controlling 25,067 BTC as of January 17, 2024.It is the oldest exchange-traded product directly investing in bitcoins, not cryptocurrency-based contracts.Grayscale Investments is an expert in the field of cryptography.
Sonnenshein argued that investors primarily value the track record over short-term cost benefits. Interestingly, this perspective aligns with #ArkInvest CEO Cathie Wood's earlier forecast, suggesting that a majority of spot Bitcoin ETFs could exit the market.
#CryptoNews #crypto2024
$BTC $XAI $ARB
Sonnenshein expressed confidence that not all of the 11 approved spot Bitcoin ETFs currently available will remain operational. He emphasized that eventually, there will be consolidation, with only a few funds holding a critical mass of bitcoins, while others may merge with larger products or exit the market.
Addressing the high management fee, Sonnenshein highlighted several reasons why the company is not considering a reduction:
GBTC remains a liquidity leader among spot Bitcoin ETFs, controlling 25,067 BTC as of January 17, 2024.It is the oldest exchange-traded product directly investing in bitcoins, not cryptocurrency-based contracts.Grayscale Investments is an expert in the field of cryptography.
Sonnenshein argued that investors primarily value the track record over short-term cost benefits. Interestingly, this perspective aligns with #ArkInvest CEO Cathie Wood's earlier forecast, suggesting that a majority of spot Bitcoin ETFs could exit the market.
#CryptoNews #crypto2024
$BTC $XAI $ARB
ARK Invest buys more SOFI stock despite its decision to terminate crypto services.
#SoFi #dyor #ArkInvest
#SoFi #dyor #ArkInvest
🤯🚀🚀Crazy $2.3 million price prediction for #Bitcoin from Ark Invest
Investment company Ark Invest has published its annual “Big Ideas 2024” report. The most remarkable part of the report was the given Bitcoin target. Accordingly, the company suggested that if Bitcoin accounted for 19.4 percent of global assets, its price could reach $ 2.3 million.
“The optimal portfolio distribution rate for Bitcoin is 19.4 percent”
Within the scope of the study, the returns of various assets, including Bitcoin, gold and stocks, over the past five years were examined in order to see the capital distribution that would maximize the risk-adjusted return. In the review, it was concluded that the most suitable ratio in the portfolio for Bitcoin is 19.4 percent.
Applying this result to a scenario in which the global investable asset base of $ 250 trillion is reorganized, Ark Invest estimated that such a portfolio allocation would increase the price of Bitcoin to $ 2.3 million.
On the other hand, the company emphasized that if the portfolio allocation is 1 percent instead of 19.4 percent, the price can reach 120 thousand dollars.
"everyone who keeps 5 years makes a profit”
The report also highlighted that Bitcoin outperforms all major asset classes such as gold, stocks or real estate in long-term investment returns. It was stated that Bitcoin's compound annual growth rate (CAGR) is 44 percent, which eclipses the average asset class CAGR of 5.7 percent. Moreover, it has been revealed that historically those who have held Bitcoin for at least 5 years have made a profit no matter when they bought it.
Catalysts that can affect the course of Bitcoin
Finally, Ark Invest also drew attention to the four main catalysts that could affect Bitcoin's course this year:
The launch of spot Bitcoin ETFs
Bitcoin block reward halving (halving)
Corporate adoption
Regulatory developments
The report claimed that previous block reward halving paved the way to bull markets, and the upcoming halving may have a similar effect.
#Write2Earn #binance #ArkInvest
Investment company Ark Invest has published its annual “Big Ideas 2024” report. The most remarkable part of the report was the given Bitcoin target. Accordingly, the company suggested that if Bitcoin accounted for 19.4 percent of global assets, its price could reach $ 2.3 million.
“The optimal portfolio distribution rate for Bitcoin is 19.4 percent”
Within the scope of the study, the returns of various assets, including Bitcoin, gold and stocks, over the past five years were examined in order to see the capital distribution that would maximize the risk-adjusted return. In the review, it was concluded that the most suitable ratio in the portfolio for Bitcoin is 19.4 percent.
Applying this result to a scenario in which the global investable asset base of $ 250 trillion is reorganized, Ark Invest estimated that such a portfolio allocation would increase the price of Bitcoin to $ 2.3 million.
On the other hand, the company emphasized that if the portfolio allocation is 1 percent instead of 19.4 percent, the price can reach 120 thousand dollars.
"everyone who keeps 5 years makes a profit”
The report also highlighted that Bitcoin outperforms all major asset classes such as gold, stocks or real estate in long-term investment returns. It was stated that Bitcoin's compound annual growth rate (CAGR) is 44 percent, which eclipses the average asset class CAGR of 5.7 percent. Moreover, it has been revealed that historically those who have held Bitcoin for at least 5 years have made a profit no matter when they bought it.
Catalysts that can affect the course of Bitcoin
Finally, Ark Invest also drew attention to the four main catalysts that could affect Bitcoin's course this year:
The launch of spot Bitcoin ETFs
Bitcoin block reward halving (halving)
Corporate adoption
Regulatory developments
The report claimed that previous block reward halving paved the way to bull markets, and the upcoming halving may have a similar effect.
#Write2Earn #binance #ArkInvest
Solana's Meteoric Rise in Search Interest. 🕵🏻♀️📈🟢
Solana has recently captured the spotlight, marked by a staggering 250% surge in Google search volume between October and December 2023. Let's delve into the factors fueling this newfound fascination.
Search Volume Metrics:
Google search volume for "solana" soared from 14 in early October to an impressive 49 in early December. This surge signifies a growing curiosity and heightened engagement with the Solana network.
Price Performance:
Solana's price, echoing its heightened search interest, experienced a remarkable 225% rally from October 11 to December 18. Analysts, attribute this surge in interest to Solana's robust market performance, outshining many other assets.
Industry Recognition:
Solana's ascent has not gone unnoticed by key figures in the crypto industry. Cathie Wood, CEO of ARK Invest, has acknowledged Solana's prowess, emphasizing its speed and cost-effectiveness, positioning it favorably in comparison to Ethereum.
Comparison with Bitcoin and Ethereum:
While Bitcoin and Ethereum also saw increased search volumes during this period, Solana's surge stands out as distinctive. The data suggests a unique surge in interest for Solana compared to other leading cryptocurrencies.
The significant uptick in Solana's Google search volume mirrors a growing fascination not only with its performance but also with the broader crypto ecosystem. As Solana continues to make waves, both in market performance and public awareness, its popularity seems poised for further growth. Stay tuned for more updates as Solana continues to ride the crypto wave.
#SOL #solana #Google #GoogleSearch #ArkInvest $SOL $ETH
Solana has recently captured the spotlight, marked by a staggering 250% surge in Google search volume between October and December 2023. Let's delve into the factors fueling this newfound fascination.
Search Volume Metrics:
Google search volume for "solana" soared from 14 in early October to an impressive 49 in early December. This surge signifies a growing curiosity and heightened engagement with the Solana network.
Price Performance:
Solana's price, echoing its heightened search interest, experienced a remarkable 225% rally from October 11 to December 18. Analysts, attribute this surge in interest to Solana's robust market performance, outshining many other assets.
Industry Recognition:
Solana's ascent has not gone unnoticed by key figures in the crypto industry. Cathie Wood, CEO of ARK Invest, has acknowledged Solana's prowess, emphasizing its speed and cost-effectiveness, positioning it favorably in comparison to Ethereum.
Comparison with Bitcoin and Ethereum:
While Bitcoin and Ethereum also saw increased search volumes during this period, Solana's surge stands out as distinctive. The data suggests a unique surge in interest for Solana compared to other leading cryptocurrencies.
The significant uptick in Solana's Google search volume mirrors a growing fascination not only with its performance but also with the broader crypto ecosystem. As Solana continues to make waves, both in market performance and public awareness, its popularity seems poised for further growth. Stay tuned for more updates as Solana continues to ride the crypto wave.
#SOL #solana #Google #GoogleSearch #ArkInvest $SOL $ETH
Elon Musk Reveals His Big and Secret Vision for X. 🤐🧾
In a recent Spaces Thursday session with Ark Invest CEO Cathie Wood, Elon Musk shared his grand vision for X, the social media platform formerly known as Twitter. Musk aims to transform X into a comprehensive super app, seamlessly combining social media, communication, and financial payments.
The cornerstone of this vision was the $44 billion acquisition of Twitter in 2022, a strategic move bringing Musk one step closer to realizing his dream of a multifunctional platform. During the session, Musk provided crucial updates on X's financial licensing progress, shedding light on both achievements and challenges.
Musk claimed a majority of states are supportive of X's financial plans. However, the final hurdle lies in securing transmitter licenses, with particular emphasis on key states like New York and California. The tech mogul openly acknowledged initial chaos and delays in the submission of money transfer licenses, citing bureaucracy as a notable challenge.
Despite these obstacles, Musk remains optimistic about the timeline for regulatory approvals. He predicts that by mid-2024, X will receive the green light, with New York and California playing pivotal roles in the process. Confident in avoiding delays beyond the projected timeline, Musk's foresight aligns with the potential integration of both cryptocurrencies and traditional payment methods on the platform.
X's entry into financial payments, led by Musk, aims to rival PayPal, creating a seamless blend of social engagement and transactions for users. This move positions X as a one-stop-shop in the competitive landscape.
Musk's push for a transformative super app, merging social media with payments, captivates the financial world. Regulatory confidence signals a strategic vision poised to reshape how we interact with social platforms and digital transactions.
#X #XAI #elonMusk #ArkInvest #CathieWood
In a recent Spaces Thursday session with Ark Invest CEO Cathie Wood, Elon Musk shared his grand vision for X, the social media platform formerly known as Twitter. Musk aims to transform X into a comprehensive super app, seamlessly combining social media, communication, and financial payments.
The cornerstone of this vision was the $44 billion acquisition of Twitter in 2022, a strategic move bringing Musk one step closer to realizing his dream of a multifunctional platform. During the session, Musk provided crucial updates on X's financial licensing progress, shedding light on both achievements and challenges.
Musk claimed a majority of states are supportive of X's financial plans. However, the final hurdle lies in securing transmitter licenses, with particular emphasis on key states like New York and California. The tech mogul openly acknowledged initial chaos and delays in the submission of money transfer licenses, citing bureaucracy as a notable challenge.
Despite these obstacles, Musk remains optimistic about the timeline for regulatory approvals. He predicts that by mid-2024, X will receive the green light, with New York and California playing pivotal roles in the process. Confident in avoiding delays beyond the projected timeline, Musk's foresight aligns with the potential integration of both cryptocurrencies and traditional payment methods on the platform.
X's entry into financial payments, led by Musk, aims to rival PayPal, creating a seamless blend of social engagement and transactions for users. This move positions X as a one-stop-shop in the competitive landscape.
Musk's push for a transformative super app, merging social media with payments, captivates the financial world. Regulatory confidence signals a strategic vision poised to reshape how we interact with social platforms and digital transactions.
#X #XAI #elonMusk #ArkInvest #CathieWood
📈📉 Arc Investment, led by Cathie Wood, acquires 314,088 shares ($31.1 million) of Coinbase stocks from the beginning of the month to last week, while selling a total of 425,467 shares ($12.33 million) of Grayscale Bitcoin Trust (GBTC) in November. The company has been actively adjusting its portfolio by purchasing more Coinbase stocks and reducing its exposure to GBTC during this period. 💼💰📊 #ArkInvest #Coinbase #GBTC #CryptoInvestment
Ark Investment Management, led by Cathie Wood, has invested $54 million in OpenAI, highlighting its role in the Cambrian explosion in artificial intelligence capability.
#ArkInvest #ArkInvestment #cpi #BullorBear #bitcoinhalving
#ArkInvest #ArkInvestment #cpi #BullorBear #bitcoinhalving
Grayscale's Latest Spot Bitcoin ETF Update. 👀🆕✅
Grayscale, aiming to convert GBTC shares into an Exchange-Traded Fund (ETF), has submitted a new update to the U.S. Securities and Exchange Commission (SEC).
🔹 Bloomberg ETF analyst James Seyffart shared the news, noting a lack of significant details in the update.
🔹Eric Balchunas, another Bloomberg ETF analyst, criticized the update for its unclear points, such as the identity of the authorized participant and transaction fees.
🔹 The SEC has until January 10th to respond to ARK Invest's spot Bitcoin application, with no option for extension. Speculation suggests a simultaneous approval or rejection of all applications is more likely than giving ARK Invest an advantage with an early decision.
Stay tuned for further updates on this critical development in the world of Bitcoin ETFs.
#BTC #etf #ETH #GRAYSCALE #ArkInvest
Grayscale, aiming to convert GBTC shares into an Exchange-Traded Fund (ETF), has submitted a new update to the U.S. Securities and Exchange Commission (SEC).
🔹 Bloomberg ETF analyst James Seyffart shared the news, noting a lack of significant details in the update.
🔹Eric Balchunas, another Bloomberg ETF analyst, criticized the update for its unclear points, such as the identity of the authorized participant and transaction fees.
🔹 The SEC has until January 10th to respond to ARK Invest's spot Bitcoin application, with no option for extension. Speculation suggests a simultaneous approval or rejection of all applications is more likely than giving ARK Invest an advantage with an early decision.
Stay tuned for further updates on this critical development in the world of Bitcoin ETFs.
#BTC #etf #ETH #GRAYSCALE #ArkInvest
