Cathie Wood’s ARK Invest Buys Over 300,000 Shares of a Bitcoin Play

Photo of Chris Lange
By Chris Lange Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Cathie Wood’s ARK Invest Buys Over 300,000 Shares of a Bitcoin Play

© SlavkoSereda / iStock via Getty Images

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Monday. The fund bought over 300,000 shares of Grayscale Bitcoin Trust (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 310,067 shares of Grayscale’s Bitcoin Trust. At Monday’s closing price, this would have valued this purchase at roughly $7.8 million. Even though this is a small fraction of the fund’s total holdings, every little bit counts. The fund is up 51% in the past year.

Here’s a look at all the other purchases across the ARK ETFs:

Fund Ticker Company Shares
ARKF COIN COINBASE GLOBAL INC 22,900
ARKG VERV VERVE THERAPEUTICS INC 58,700
ARKG SGFY SIGNIFY HEALTH INC 74,630
ARKG RPTX REPARE THERAPEUTICS INC 5,395
ARKG QSI QUANTUM-SI INC 126,412
ARKG INCY INCYTE CORP 213,550
ARKK IRDM IRIDIUM COMMUNICATIONS INC 21,773
ARKK FATE FATE THERAPEUTICS INC 92,286
ARKK BEAM BEAM THERAPEUTICS INC 1,335
ARKQ BLDE BLADE AIR MOBILITY INC 26,056
ARKQ MKFG MARKFORGED HOLDING CORP 98,410
ARKQ MGA MAGNA INTERNATIONAL INC 89,100
ARKW U UNITY SOFTWARE INC 117,102
ARKW CND CONCORD ACQUISITION CORP 513,289
ARKW COIN COINBASE GLOBAL INC 48,977
ARKW GBTC GRAYSCALE BITCOIN TRUST BTC 310,067
ARKW KVSB KHOSLA VENTURES ACQUISITION CO II 578,332
ARKW PATH UIPATH INC 148,442
ARKX AVAV AEROVIRONMENT INC 9,700
ARKX BLDE BLADE AIR MOBILITY INC 172,316

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
[recirclink id=917146][wallst_email_signup]

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618