Cathie Wood's Ark Invests $25M+ in Tesla, Offloads Near-Equal Amount in Coinbase Amid Crypto Market Turbulence

Benzinga01-04

On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing nearly $25 million worth of Tesla Inc shares. On the same day, Ark also sold almost a similar amount of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1191673048?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-04 14:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1191673048","market":"us","top_or_hot":-1,"title":"Cathie Wood's Ark Invests $25M+ in Tesla, Offloads Near-Equal Amount in Coinbase Amid Crypto Market Turbulence","media":"Benzinga","content":"<div>\n<p>On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing nearly $25 million worth of Tesla Inc shares. On the same day, Ark also sold almost a similar amount of...</p>\n\n<a href=\"https://www.benzinga.com/24/01/36484149/cathie-woods-ark-invests-25m-in-tesla-offloads-near-equal-amount-in-coinbase-amid-crypto-market-turb\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Invests $25M+ in Tesla, Offloads Near-Equal Amount in Coinbase Amid Crypto Market Turbulence</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Invests $25M+ in Tesla, Offloads Near-Equal Amount in Coinbase Amid Crypto Market Turbulence\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 14:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/01/36484149/cathie-woods-ark-invests-25m-in-tesla-offloads-near-equal-amount-in-coinbase-amid-crypto-market-turb><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing nearly $25 million worth of Tesla Inc shares. On the same day, Ark also sold almost a similar amount of...</p>\n\n<a href=\"https://www.benzinga.com/24/01/36484149/cathie-woods-ark-invests-25m-in-tesla-offloads-near-equal-amount-in-coinbase-amid-crypto-market-turb\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.benzinga.com/24/01/36484149/cathie-woods-ark-invests-25m-in-tesla-offloads-near-equal-amount-in-coinbase-amid-crypto-market-turb","article_id":"1191673048","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191673048","pubTimestamp":1704349014,"columns":[],"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing nearly $25 million worth of Tesla Inc shares. On the same day, Ark also sold almost a similar amount of","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","RKLB":"Rocket Lab USA, Inc.","TSLA":"特斯拉"},"translate_title":"Cathie Wood的Ark在特斯拉投资2500多万美元，在加密市场动荡的情况下，在比特币基地抛售接近等额的资产","themeId":"b450f1d4aa0246ad9fdbfc0fc150ccb7","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.1,"RKLB":1.1,"TSLA":1.1},"content_text":"On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing nearly $25 million worth of Tesla Inc shares. On the same day, Ark also sold almost a similar amount of Coinbase Global Inc.’s shares.The Tesla TradeArk purchased 2,508,5178 Tesla shares through its flagship ARK Innovation ETF and ARK Next Generation Internet ETF. The transaction was valued at $25.08 million. On Wednesday, Tesla shares closed 4.01% lower at $238.45.This trade comes amidst a backdrop of Ark Invest’s strong belief in Tesla’s potential, particularly in the realms of artificial intelligence and its upcoming Cybertruck, as highlighted in recent Benzinga reports.Ark Invest’s acquisition of Tesla shares aligns with their long-term confidence in the company, especially considering Elon Musk‘s vision for AI and Tesla’s data advantages over traditional automakers. This move reflects Ark’s strategy of investing in disruptive innovation, a stance further reinforced by their recent comments on Tesla’s Cybertruck being a “marketing machine” and their praise for Tesla’s “robot army.” For more insights, refer to the detailed analysis of Tesla’s market potential and AI capabilities.The Coinbase TradeArk Invest also adjusted its position in the cryptocurrency trading platform Coinbase. The Wood-led company sold $25.03 million worth of Coinbase stock through ARKK and AKRW. Coinbase shares closed 2.96% lower at $152.24 on Wednesday.Ark’s move comes the same day when the largest cryptocurrency by market capitalization, Bitcoin plummeted on a report from Matrixport, which suggested that the Securities and Exchange Commission is likely to reject Bitcoin Spot ETFs in January. At the time of publishing, Bitcoin traded 5.3% lower at $42,929.81.Other Key Trades:Additionally, investments were made in Rocket Lab USA Inc, further diversifying Ark’s focus on innovative technologies through ARK Autonomous Technology & Robotics ETF.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1191673048"}