Cathie Wood Doubles Down On Bitcoin ETF Amid Crypto Chaos, Drops $3.9M On This Amazon Rival
On Monday, Cathie Wood‘s Ark Invest executed significant trades, including notable purchases of ARK 21Shares Bitcoin ETF (BATS:ARKB), Robinhood Markets Inc. (NASDAQ:HOOD), and Shopify Inc. (NASDAQ:SHOP). These trades come amid a volatile market backdrop, particularly influenced by recent cryptocurrency fluctuations.
The ARK 21Shares Bitcoin Trade
ARK Blockchain & Fintech Innovation ETF (BATS:ARKF) and ARK Next Generation Internet ETF (BATS:ARKW) acquired a combined total of 71,500 shares of ARK 21Shares Bitcoin ETF. The ETF’s closing price on Monday was $28.39, translating to a total investment of approximately $2 million.
This move aligns with the broader market dynamics where major cryptocurrencies, including Bitcoin (CRYPTO: BTC), experienced a downturn. Bitcoin’s recent …
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