Investing
Cathie Wood's ARK Invest Buys Over 1 Million Shares Into a Bitcoin Play
Published:
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Wednesday. The fund bought over 1 million shares of Grayscale Bitcoin Trust (OTC: GBTC), as the price of this ETF was relatively flat on the day. Note that this fund is still up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 1,046,002 shares of Grayscale’s Bitcoin Trust. At Tuesday’s closing price, this would have valued this purchase at roughly $29.3 million. Even though this is a small fraction of the fund’s total holdings, every little bit counts. The fund is up 73% in the past year.
Here’s a look at all the other Buys across the ARK ETFs:
Fund | Direction | Ticker | Company | Shares |
---|---|---|---|---|
ARKF | Buy | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY CO LTD | 603,800 |
ARKF | Buy | BEKE | KE HOLDINGS INC | 124,857 |
ARKG | Buy | QSI | QUANTUM-SI INC | 18,700 |
ARKK | Buy | COIN | COINBASE GLOBAL INC | 214,718 |
ARKQ | Buy | BLDE | BLADE AIR MOBILITY INC | 116,164 |
ARKQ | Buy | PATH | UIPATH INC | 121,171 |
ARKQ | Buy | JD | JD.COM INC | 12,030 |
ARKW | Buy | GBTC | GRAYSCALE BITCOIN TRUST BTC | 1,046,002 |
ARKW | Buy | SPLK | SPLUNK INC | 192,914 |
ARKX | Buy | 2618HK | JD LOGISTICS INC | 583,137 |
ARKX | Buy | 3690HK | MEITUAN | 40,013 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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