ARK Invest makes bullish moves pre-BTC halving, adds $40m worth of in-house spot Bitcoin ETFs

CoinMarketCap04-22

Ahead of the Bitcoin (BTC) halving, Cathie Wood’s ARK Invest engaged in a series of transactions reflecting the hedge fund’s bullish stance on the cryptocurrency’s trajectory. Among the notable moves...

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ARK also shed some weight in its portfolio, selling 28,936 shares of ProShares Bitcoin Strategy ETF (BITO), amounting to approximately $803,552. \nAnalysts considered the transactions significant, particularly since they came just hours before the much-anticipated Bitcoin halving event. \nYou might also like:  VC roundup: Centrifuge, Crypto Valley Exchange, Nebra lock in funding rounds \nHowever, while the halving brought a sense of subdued sentiment to the crypto market after an earlier surge in anticipation, Wood said she remains undeterred in her confidence in Bitcoin’s long-term potential, possibly indicated by her company’s gazumping of the BTC ETFs.\n\n\n\n\nIn a recent interview, she shared insights into ARK’s investment strategies, emphasizing her positive outlook on transformative technologies such as artificial intelligence, electric vehicles, and, of course, the cryptocurrency sector. \nHer firm has also made headlines in Europe with the launch of its first three European UCITS ETFs, expanding its global footprint and catering to the growing demand for its investment strategies. \nThe ETFs were listed on Deutsche Borse Xetra on April 18 and are slated for listing on additional European exchanges in the coming weeks.\nRead more:  Meme coin mania is back: DOGE, SHIB, FLOKI prices surge","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/2429951442"}