Cathie Wood's ARK Invest Buys Over 1 Million Shares Into a Bitcoin Play

Investing

Published: June 23, 2021 10:40 am

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.

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps