Cathie Wood's Ark Investment Management Sells and Buys Shares of ETFs Linked to Bitcoin

Quick Summary:

Cathie Wood’s ARK Invest is strategically reshaping its investment portfolio, steering away from reliance on the ProShares Bitcoin Strategy ETF (BITO) towards the establishment of its own spot bitcoin ETF.

This strategic shift was evidenced in a recent trading disclosure on April 19, where ARK’s Next Generation Internet ETF (ARKW) initiated significant movements.

Ark Invest’s venture fund, Ark Venture Fund, made headlines with its recent $54 million investment in OpenAI, a trailblazer in artificial intelligence.

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Article Details

Category: Crypto

Markets: India

Topics: Cathie Wood 24/7 Cryptocurrency News Cathie Wood's Ark Invest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-20 @ 22:49:08 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 20734308

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