Cathie Wood’s Ark Invest boosted its technology, biotechnology, and space exposure last week, led by purchases of more than 51K shares of Meta Platforms (META [https://seekingalpha.com/symbol/META]) worth $38.2M and roughly 360K shares of…
The Crypto Market Surpasses $3 Trillion. What Drove This Milestone and What Could Keep It There?
Quick Read The $3 trillion crypto milestone was largely fueled by $740B in Treasury buyback cash and $920M in forced short liquidations, not organic demand. Bitcoin ETFs pulled $999M in a single day, but $160B in leveraged positions could…
Bitcoin ETFs Take Nearly $1B in a Day as Average Holder Returns to Profit
U.S. spot Bitcoin ETFs took in $998.95 million on Monday, according to SoSoValue, one week after the same funds posted the smallest weekly net inflow of their history. BlackRock's IBIT drew in $381.37 million of it, with Ark & 21Shares' AR…
This article first appeared on GuruFocus. Cathie Wood's Ark Invest made a sharp rotation across AI, crypto and healthcare last week, adding nearly $25 million of CoreWeave (NASDAQ:CRWV) while selling almost $40 million of its ARK 21Shares…
Bitcoin holds above $80,000 as ETF inflows revive institutional demand
Investing.com -- Bitcoin held above $80,000 over the weekend after rebounding from a turbulent week, supported by renewed institutional demand as U.S. spot Bitcoin exchange-traded funds recorded more than $433 million in net inflows on Fri…
Bitcoin ETFs Now Own 6.29% of Every Bitcoin. What Happens When They Hit 10%?
Quick Read Four Bitcoin ETFs experienced losses in the week ending September 18, with the ARK 21Shares Bitcoin ETF leading at $141.9 million. This demonstrates that funds can release coins as easily as they accumulate them. The funds have…
Cathie Wood sends bullish Bitcoin response to 'dead cat' warning
ARK Invest CEO Cathie Wood is one of the most bullish investors in the Bitcoin (BTC) ecosystem. So, when a podcaster referred to the cryptocurrency as a "dead cat," she didn't hold back. Wood is one of the earliest institutional investors…
Cathie Wood dumps $65 million in crypto ahead of CLARITY vote
Veteran investor Cathie Wooddumped $65 million worth of crypto stocks and funds on Sep. 14, a day ahead of the crucial cloture vote on the Digital Asset Market Clarity Act. Wood's firm ARK Invest trimmed its stake in Coinbase Global (Nasda…
Bitcoin flashes first golden cross in over 6 months as it hovers near $80K
[The Bitcoin Symbol on Top of Stacks of Coins in Front Of a Financial Chart in the Background] mustafaU Bitcoin’s (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) 50-day moving average has climbed above its 200-day counterpart, generati…
Bitcoin ETFs Took In $731 Million in a Day While XRP ETF Inflows Fell 83% in a Week. Is Money Rotating to Bitcoin?
Quick Read Bitcoin spot ETFs took in $731 million on September 3, their biggest day since January 14, with BlackRock's IBIT accounting for $454 million of it. XRP ETFs took in $19 million in the week to September 5, down 83% from $110.5 mi…
1 Popular Cryptocurrency ARK Invest Expects to Surge by 1,480%
Cathie Wood, the founder and CEO of Ark Invest, is bullish on cryptocurrencies. ARK's flagship ETFs -- ARK Innovation (NYSEMKT: ARKK), ARK Next Generation Internet (NYSEMKT: ARKW), and ARK Fintech Innovation (NYSEMKT: ARKF) -- all hold sha…
Bitcoin ETFs post best day in 9 months as price hits $82,000
The U.S. spot Bitcoin exchange-traded funds (ETFs) drew roughly $730.87 million on Sep. 3 as Bitcoin surpassed the $82,000 price level. The ETF inflows were the largest since Jan. 14, when the funds attracted $843.62 million, according to…
Dual Rally: Bitcoin reclaims $80K and gold jumps past $4,500
[Bitcoin and gold bars on shiny background] baona Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) and gold (XAUUSD:CUR [https://seekingalpha.com/symbol/XAUUSD:CUR]) extended their recent gains on Thursday, underscoring renewed…
Bitcoin ETFs Snapped a 9-Day Streak: Does One Bad Day Mean Anything?
In the latest Bitcoin ETF news, U.S. spot Bitcoin ETFs recorded approximately $201.9 million in net outflows on Aug. 28, ending a nine-session inflow streak. The reversal drew attention after nine consecutive sessions of positive flows, al…
Cathie Wood Is a Historic Fund Manager with Viral Fame. That Doesn’t Make Her ARK ETFs Good Buys Now.
A photo of Cathie Wood by Caroline Wood via Wikimedia Commons and resized Investment managers used to be hard to find. We had Barron's on Saturdays and the Wall Street Journal during the week. And for those with a technical analysis bent,…
Bitcoin extends sharp rebound as crypto rally gathers pace
[Digitized Bitcoin Symbol] peterschreiber.media/iStock via Getty Images Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) is seeing sharp swings Friday as the cryptocurrency extends a volatile rebound from below $64K earlier this…
Coinbase's Brian Armstrong bullish on September Clarity Act vote
[President Trump Delivers Remarks With Cryptocurrency And Technology Leaders At The White House] Alex Wong/Getty Images News Coinbase (COIN [https://seekingalpha.com/symbol/COIN]) CEO Brian Armstrong on Thursday expressed confidence that t…
[3D illustration] Vitalij Sova/iStock via Getty Images Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) surged past $71,000 on Thursday, extending a rally that began Wednesday and was amplified by a wave of short liquidations. B…
How high will Bitcoin climb by year end after tagging a 2-month high?
[Abstract BTC - Bitcoin sign. Crypto concept. digital technology background. Explore the Future of Finance. ETF] Vertigo3d Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) surged 5.6% on Wednesday, climbing to its highest level…
[Bitcoin Cryptocurrency concept] Olemedia/E+ via Getty Images For years, digital assets moved in near lockstep with global money supply expansions. However, while global money supply has continued its steady climb—recently surpassing a rec…
U.S. SEC proposes rules for investment contracts involving crypto assets as Clarity Act stalls
[Cryptocurrency on Binance trading app, Bitcoin BTC with altcoin digital coin crypto currency, BNB, Ethereum, Dogecoin, Cardano, defi p2p decentralized fintech market] Chinnapong/iStock Editorial via Getty Images The U.S. Securities and Ex…
Italy’s Largest Bank Cuts BlackRock Bitcoin ETF Stake 94%: Rotation to Ethereum?
Photo by BeInCrypto Intesa Sanpaolo, Italy's largest banking group, slashed its Bitcoin ETF holding, BlackRock's iShares Bitcoin Trust (IBIT), by 93.7% last quarter. The bank also tripled its stake in the iShares Staked Ethereum Trust ETF,…
Bitcoin has closed below its 200-day MA for 270 days now; here is when to buy again
[Olsztyn, Poland 13 July 2021. Golden bitcoin coin over defocused stock chart] Nastco Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) has now closed below its 200-day moving average for 270 consecutive days, marking its fourth-…
Cathie Wood’s ARK Invest’s largest purchase during July 20-24 was Tesla (TSLA [https://seekingalpha.com/symbol/TSLA]), with the firm acquiring an additional $52.7M stake after a steep sell-off post weaker-than-expected Q2 earnings report.…
Institutional Capital Returns: Bitcoin ETFs Pull $900NM in Six-Day Streak
US spot Bitcoin ETFs recorded $206M in net inflows on July 21, per data tracked by CoinGlass, completing a six-consecutive-day run that totals more than $900M, the longest unbroken positive streak since May. This inflow streak comes as the…
Bitcoin and gold are both down YTD; this has never happened before in a year
[Bitcoin Market Turmoil: Bull Decline] Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) and gold (GLD [https://seekingalpha.com/symbol/GLD]) are the worst-performing major assets this year so far. Having these two major assets b…
Bitcoin edges above $63K on improving macro backdrop
[Digitized Bitcoin Symbol] peterschreiber.media/iStock via Getty Images Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) rose above $63,000 for the first time in two weeks on Sunday, recovering from late-June losses as sentiment…
Trump defends big crypto gain, says 'there's nothing illegal'
[President Trump Signs Executive Order In The Oval Office] Alex Wong/Getty Images News President Donald Trump on Thursday said he was not aware of the extent of his digital asset holdings but maintained there was nothing illegal about his…
Taiwan passes bill to regulate crypto firms and stablecoins
[BTC bitcoin. Margin call. Business concept. Abstract digital chart, stock market crash and trading collapse, financial crisis and economic downturn. Closing positions on exchanges.] MF3d Taiwan's parliament has passed a landmark cryptocur…
U.S. spot bitcoin ETFs see $231M outflow as IBIT sheds $300M
[Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk] Velishchuk/iStock via Getty Images U.S. spot bitcoin ETFs recorded net outflows of approximately $231.1M on Monday, accordi…
[Bitcoin stability] AlexSava/iStock via Getty Images Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) is trading ~1.30% higher near ~$65K on Monday, recovering after a weekly drop of over ~2% that took it close to ~$62.28K level…
[Closeup of bitcoin coin in a shopping cart with euro coins. BTC coin with dark background.] N Rotteveel/iStock Editorial via Getty Images The cryptocurrency market has erased more than $2T in value since reaching a record high in October…
Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) slid to its lowest level in more than six weeks on Thursday as concerns over the Middle East conflict and continued outflows from U.S. exchange-traded funds pressured the world’s…