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Following stretches of selling, Cathie Wood of Ark Invest has increased her stock purchases of Coinbase (COIN) and Robinhood (HOOD). As investors pay more attention to market fluctuations, the asset manager keeps changing its holdings. Following the prior slump caused by macroeconomic issues, the cryptocurrency market has regained momentum. In
The purchases marked Ark Invests first since June 2023, when the company bought $21 million worth of COIN.
U.S. spot Bitcoin ETFs saw $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since August 6th. The outflow ended an eight-day streak of positive inflows totaling $756 million into the Bitcoin products.
Cathie Woods crypto investment firm ARK resumed selling the Coinbase stock amid the Bitcoin price push in July.
BlackRocks iShares Bitcoin Trust and the Grayscale Bitcoin Trust the two largest spot Bitcoin ETFs by net asset value saw zero flows on Monday.
In their latest analysis, Ark Invest’s crypto specialists Julian Falcioni, David Puell, and Dan White, are presenting a review of the Bitcoin market behavior and prospects, delineating the interplay of various economic, technical, and policy-driven factors that could shape the future of this pioneering digital currency. Bitcoin Validates The Bullish Scenario Since early June, Bitcoin witnessed a significant decline, dropping more than -25%. More critically, on July 7, BTC fell beneath its 200-day moving averagea key technical threshold. According to Ark, the dip below the 200-day moving average was a crucial bearish signal that often precedes further declines unless a strong recovery ensues.” Ultimately, Bitcoin displayed significant strength in the last few days and Ark was right in that BTC staged a quick recovery above the 200-day EMA, invalidating the bearish prospects. A surprising element in June’s Bitcoin volatility was the aggressive sale of approximately 50,000 Bitcoins by the German government. These assets were seized from the illegal streaming site Movie2K and gradually transferred to various exchanges for sale, starting June 19. “The influx of a large volume of bitcoins during a traditionally low liquidity period, around the July 4th holiday, significantly pressured the price downward,” the report notes. Notably, this selling pressure is now gone. Related Reading: Bitcoin Hasnt Reached Bull Cycle Top Yet, Quant Explains Why Despite these challenges, Bitcoin managed an impressive rally of more than 17% in the last few days. Several indicators supported this reversal, according to Ark. The discrepancy between the decline in Bitcoin’s price and the lesser drop in US ETF balances17.3 %suggested that Bitcoin was oversold. “This overselling is likely driven by external shocks rather than intrinsic market movements, pointing towards a mispricing that could correct in the medium term,” the experts explain. Short-term holders, typically a more speculative segment, have been realizing losses as indicated by the sell-side risk ratio. This ratio, calculated by dividing the sum of short-term holder profits and losses realized on-chain by their cost bases, showed more losses than profits, which typically precedes a short-term market correction. Related Reading: Bitcoin Price Surges Past $63,000: The Key Reasons June also saw significant activity from Bitcoin miners. “Miner outflows, which often prelude market adjustments, mirrored patterns observed around previous Bitcoin halving events, when the reward for mining a block is halved,” says Ark. Such events historically lead to a decreased supply and potential price increases as market dynamics adjust to the new supply level. On the macroeconomic front, the report notes that the US economic data have been consistently underperforming against expectations, with the Bloomberg US Economic Surprise Index registering the most significant negative deviations in a decade. Yet, the Federal Reserve has maintained a surprisingly hawkish tone, which could influence investor sentiment and financial market stability. Corporate America is not insulated from these challenges. Profit margins, which peaked in 2021, are on a downward trajectory as companies lose pricing power as Ark notes. This squeeze on profits is prompting price cuts across various sectors, further dampening economic outlooks. Regarding equity markets, there has been a notable increase in market capitalization concentration, reaching levels unseen since the Great Depression. “This concentration in larger entities with significant cash reserves could be an early indicator of a shifting economic landscape, which historically sees a breakout in favor of smaller cap stocks,” the report says. At press time, BTC traded at $63,131. Featured image created with DALL·E, chart from TradingView.com
The Securities and Exchange Commission (SEC) of the United States has an ongoing analysis on a proposed exchange-traded fund (ETF) that will directly invest in Ethereum, according to SEC Chairman Gary Gensler. Speaking at Bloomberg Investment Summit, he said that the review is progressing well but he did not announce when the document review would […]
Trumps potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.
June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
This decision does not affect the ongoing collaboration between 21Shares and ARK Invest on other projects like the ARK 21Shares Bitcoin ETF launched in January.
ARK Invest halts its Ethereum ETF project, focusing on alternative investment opportunities while upholding its Bitcoin ETF commitment.
The post ARK Invest opts out of Ethereum spot ETF, explores alternative paths: Report appeared first on Crypto Briefing.
Cathie Wood, founder of investment manager ARK Invest, has revealed her crypto investment choice between Bitcoin and Ethereum.
Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.
ARK Invest updates its spot Ethereum ETF application, removing staking to potentially comply with SEC guidelines.
The post ARK Invest removes staking feature from its Ethereum spot ETF filing appeared first on Crypto Briefing.
Cathie Woods ARK Invest has acquired Coinbase (COIN) shares worth $13.4 million across three of its ETFs. The move comes amid a broad market sell-off triggered by President Trumps new tariff policies. Despite the turmoil, ARK doubled down on its long-term crypto strategy. According to ARKs daily trade report for
Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded, reaching the $66,000 level, triggering bullish predictions from top crypto analysts regarding the coin’s future path. Captain Faibik, a crytocurrency analyst and trader, has emerged with an intriguing prediction, underscoring a narrative that could potentially propel the price of Bitcoin to the coveted $100,000 mark in the upcoming months. Bitcoin Poised For A Notable Rally To $100,000 According to Captain Faibik, Bitcoin has managed to hold the $60,000 support level in the wake of bullish investors in the market. As a result, the largest crypto asset by market cap is currently making a strong comeback. Related Reading: Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycles Bottom These bullish investors, according to Faibik must reclaim the crucial $72,000 resistance level in order to see a major rally to the $100,000 price level. This scenario acts as a ray of hope for the cryptocurrency community, igniting speculations and influencing projections about Bitcoin’s potential for future growth. Given the anticipated impact of the Bitcoin Halving and bulls, the $72,000 level could be realized in the short term. The expert previously highlighted that the Bitcoin weekly candle closed above the Exponential Moving Average (EMA) 10, demonstrating that the bulls are still very much in charge of the market. Following the Descending Channel break out in October last year, BTC Bulls has firmly secured the weekly EMA10, prompting the crypto analyst to put his next price target for the digital asset at $100,000. Faibik also noted that the daily Relative Strength Index (RSI) for Bitcoin has emerged from a falling wedge pattern. This breakout suggests that a 15% to 20% bullish rally in Bitcoin’s value is on the horizon. Meanwhile, in the daily timeframe, a bullish flag formation is underway, and in the event of an upward breakout from the bullish flag, Faibik anticipates a new all-time high for Bitcoin by May. Is A $1.5 million Price Level Possible For BTC? One of the most bullish predictions for Bitcoin this year came from Ark Invest Chief Executive Officer (CEO) Cathie Wood. The CEO foresees the digital asset to rise by over 2,000% reaching a whopping $1.5 million by 2030. Related Reading: ARK Invest Pivots To Bitcoin As Cathie Wood Expects BTC Price To Explode During an interview in Hong Kong, Wood reiterated her projections for BTC, which were supported by a thorough investigation that included institution surveys and evaluations of market volatility. She stated: I have been asked this question from different angles, and our analysis from multiple perspectives indicates that by 2030, Bitcoin could rise to $1.5 million. This price prediction is based on a survey of institutions, using a discount rate and volatility analysis. Initially, Wood’s forecast for Bitcoin was estimated at $600,000 in the next six years. However, considering the effect of the Bitcoin Spot Exchange-Traded Funds (ETFs), she now believes the coin has the potential to hit $1.5 million. Featured image from iStock, chart from Tradingview.com
Ark Invest buys Coinbase and Tempus AI shares, sells Bitcoin ETF and defense stocks, as part of its ongoing portfolio rebalancing strategy on March 3, 2025.
On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s [...]
The post Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPOd Reddit Shares appeared first on Crypto Breaking News.
Cathie Wood, CEO of Ark Invest has expressed her interest to move the company funds to blockchain platforms when regulations permit. Wood has expressed confidence in the potential of tokenization and plans to move Arks Venture Fund (ARKVX) and Digital Asset Revolution Fund on-chain. She emphasized the current regulatory developments creates new possibilities for these […]
If all that is needed is an SSA, Ark could be first to market with a Bitcoin ETF.
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