• 137
  • 55
  • Favorite

Cathie Wood's ARK Invest files to offer a bitcoin ETF

Reuters2021-06-29

June 28 (Reuters) - Star stock picker Cathie Wood's ARK Invest filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund $(ETF)$, the latest fund manager attempting to cash in on investors' growing interest in cryptocurrencies.

Wood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year, has been a vocal proponent of bitcoin.

Her flagship ARK Innovation fund owns around $820 million worth of shares in cryptocurrency exchange Coinbase Global , making it the fund's 10th largest holding. Coinbase has fallen 35% since its stock market debut in April.

ARK's application to the SEC follows recent filings by Fidelity and CBOE Global Markets in March. The SEC has yet to approve a bitcoin ETF.

Bitcoin tumbled in recent days to a two-week low as China's expanding crackdown on bitcoin mining made investors more uncertain about the future of the leading cryptocurrency. Bitcoin on Monday traded at about $34,450, compared to its April peak of nearly $65,000.

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.

Report

Comment55

  • yvneyng
    ·2021-06-29
    So ready for this new Ark offering. [Miser] @Jetblackeyes
    Reply
    Report
    Fold Replies
  • Sephy
    ·2021-06-29
    Auntie mama my idol !
    Reply
    Report
    Fold Replies
    • S土豪熊貓G
      YeS, Kudos to her to turn arround Crypto Coin. seem like dYing and sunsetting and she turn around it with a Thanos Click of Finger.
      2021-06-29
      Reply
      Report
  • zero79
    ·2021-06-29
    Good? 
    Reply
    Report
  • linrui
    ·2021-06-29
    Looking forward. 
    Reply
    Report
  • Hengfc
    ·2021-06-29
    Gogogo
    Reply
    Report
  • Harry1010
    ·2021-06-29
    Great
    Reply
    Report
  • Vv99
    ·2021-06-29
    Bitcoin Etf? This could be a game Changer..Looking forward for this 
    Reply
    Report
    Fold Replies
    • yvneyng
      Agreed
      2021-06-29
      Reply
      Report
    • ZEROHERO
      She must plan for her prediction of 500k BTC price target to come true ?
      2021-06-29
      Reply
      Report
    • Bructor
      Huat ar
      2021-06-29
      Reply
      Report
  • Bructor
    ·2021-06-29
    Izzit time to buy Bitcoin? 
    Reply
    Report
    Fold Replies
    • Bructor
      Thanks CK!
      2021-07-01
      Reply
      Report
    • Bructor
      Please Comment like and follow! Tq [Cool]
      2021-06-29
      Reply
      Report
    • CK_____
      yes
      2021-06-29
      Reply
      Report
  • ShawnKoh1
    ·2021-06-29
    Like and comment pls
    Reply
    Report
  • CK_____
    ·2021-06-29
    Bitcoin will be bullish again??? GBTC ?????
    Reply
    Report
    Fold Replies
    • Bructor
      Fly Fly fly!!!
      2021-06-29
      Reply
      Report
  • eyescold
    ·2021-06-29
    Nice
    Reply
    Report
  • Alright
    ·2021-06-29
    Wow. Keeping my eyes open on this one
    Reply
    Report
  • BiErGaiShi
    ·2021-06-29
    too much cash in ARK funds.. 
    Reply
    Report
  • CK_____
    ·2021-06-29
    ??? GBTC ??? 
    Reply
    Report
    Fold Replies
    • Kh1992
      Nice
      2021-06-29
      Reply
      Report
  • Alcho
    ·2021-06-29
    Nice...
    Reply
    Report
  • KCtan1688
    ·2021-06-29
    K
    Reply
    Report
  • KCtan1688
    ·2021-06-29
    K
    Reply
    Report
  • ShuJie
    ·2021-06-29
    Follow 
    Reply
    Report
    Fold Replies
    • HMian
      Ok
      2021-07-09
      Reply
      Report
  • nayoowin
    ·2021-06-29
    Good
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial