English < Article List - DigitalToday

Search results for Cathie Wood

Crypto

Ark Invest buys another 220,000 shares of Circle, bets more despite slowing USDC activity

Ark Invest, led by Cathie Wood, bought an additional 220,000 shares of Circle Internet Group through three actively managed exchange-traded funds, Cointelegraph reported. The purchase was worth about $13.9 million based on Circle’s NYSE closing price of $63.22. Ark’s total July purchases rose to 725,517 shares. Circle shares are down about 22 percent this year and about 76 percent from post-IPO highs. 10x Research cited slowing USDC activity as a risk.

Crypto

Wood shifts focus from altcoins to Coinbase and Circle as rebound plays

As the cryptocurrency market downturn drags on, interest is growing in seeking rebound gains through shares of crypto-linked companies rather than tokens. Ark Invest ETFs bought about $5.4 million of Coinbase, Circle, Bullish and Robinhood on a day all four fell. The article contrasts weakness in tokens with company metrics, outlines potential upside if retail trading, derivatives and stablecoin supply recover, and warns that thin trading could pressure results.

Crypto

Mexican billionaire says bitcoin will hit $1 million but timing unknown

Mexican billionaire Ricardo Salinas says he has allocated about 70 percent of his personal investment portfolio to bitcoin, up from about 10 percent in October 2020. He says bitcoin is superior to fiat currency and the gold standard because it is harder to seize and can be transferred instantly worldwide. He says he expects bitcoin to reach $1 million, though he does not know when.