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5 Technologies That Could Be Worth $220 Trillion By 2030, Cathie Wood's ARK Predicts: 'The Time Is Now'
Friday, March 22, 2024 - 9:26am | 662ARK Investment Management LLC predicts that five disruptive technologies could reach a total market value of $220 trillion by 2030. According to the latest white paper, “Platforms Of Innovation – How Converging Technologies Should Propel A Step Change In Economic Growth,” the Cathie...
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Bitcoin ETF Fee Wars Heat Up: Invesco And Galaxy Asset Management Reduce Fees To Take On Competition
Monday, January 29, 2024 - 11:45pm | 611In a calculated move to draw in more investors, Invesco and Galaxy Asset Management have slashed the fee of their joint Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). What Happened: The issuers have trimmed down the fee of their spot Bitcoin ETF from 0.39% to 0.25%. This aligns the sponsor fee...
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Cathie Wood's Ark Dumps $12.8M Worth Of Grayscale Bitcoin Trust Amid Crypto Rally Losing Wind In Sails
Monday, December 11, 2023 - 11:55pm | 733On Monday, Cathie Wood-led Ark Invest made a significant move by selling over $12.8 million worth of Grayscale Bitcoin Trust (OTC:GBTC) shares, amidst fluctuating cryptocurrency prices. This decision comes at a time when the crypto market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH...
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Bitcoin ETF Approval: Mark Your Calendars For January As SEC Decides Crypto's Fate
Friday, December 1, 2023 - 4:20pm | 440Scott Johnsson, a general partner at Van Buren Capital, is hyping up the "official" date range for when regulators will approve Spot Bitcoin Exchange-Traded Funds (ETFs). What Happened: Johnsson, citing a letter from Sherry Haywood of the U.S. Securities and Exchange Commission, expects...
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Cathie Wood, Unfazed By SEC Lawsuit, Picks Up A Whopping $21M Stake In Coinbase Even As Stock Tanked 12%
Tuesday, June 6, 2023 - 9:58pm | 407Cathie Wood-led ARK Investment Management bought a whopping stake in Coinbase Global Inc (NASDAQ:COIN) on Tuesday – a day when the stock tanked over 12% in the aftermath of the Securities and Exchange Commission (SEC) suing the company in a federal court. Funds operated by ARK bought over 419,000...
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Cathie Wood Doubles Down On Palantir, Buys Another $13M Stake In Peter Thiel's Big Data Analytics Firm
Wednesday, May 17, 2023 - 10:40pm | 451Cathie Wood-led ARK Investment Management bought over 1.26 million shares of Palantir Technologies Inc (NYSE:PLTR) at an estimated valuation of about $13 million based on Wednesday's closing price. The purchase was done via the flagship ARK Innovation ETF (NYSE:ARKK), the ARK Next Generation...
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Cathie Wood's Flagship ARK ETF Marks 5-Day Winning Streak — Outperforming Nasdaq, FAANG In May
Thursday, May 11, 2023 - 8:57am | 620Cathie Wood's flagship fund Ark Innovation ETF (ARCA: ARKK) marked a five-day winning streak on Wednesday for the first time since January, as a lower-than-expected U.S. CPI cemented market expectations of a Fed rate hold in June. What To Know: Ark Innovation ETF has risen 8.4% so far...
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ARK Funds See $8B In Net Outflows, But Cathie Wood Says ETF's Stocks Will Rebound
Sunday, January 30, 2022 - 12:24pm | 425Ark Invest founder Cathie Wood’s flagship ARK Innovation ETF(ARCA: ARKK) has seen a significant decline over the last week, dropping back to a level last seen in mid-2020. The fund is currently down by more than 15%. The holdings of the ARK Innovation ETF are down...
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Ark Funds Add More Coinbase, Offload Some Tesla
Saturday, April 17, 2021 - 2:25pm | 262Cathie Wood's Ark funds on Friday picked up more shares of Coinbase Global Inc (NASDAQ: COIN), which debuted this past week, while selling off some holdings of Tesla Inc (NASDAQ: TSLA). Here's the rundown on the trades. ARK bought 187,078 shares of Coinbase. That amounts to nearly $64...
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Thinking About Buying Stock In Xpeng, GE, Tesla Or Apple?
Sunday, March 21, 2021 - 11:36am | 541One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here’s the latest news and updates for...
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Fintech Focus For August 10, 2020
Sunday, August 9, 2020 - 9:22pm | 2244Daily Perspective: Only the paranoid survive. - Andy Grove Fintech Movers: Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. - Coindesk Capital markets DLT on cusp...
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Fintech Focus For July 28, 2020
Tuesday, July 28, 2020 - 3:21pm | 2134Daily Perspective: Only the dead have seen the end of war. - Plato Fintech Movers: 71% of Millennials would prefer to visit their dentists than engage with their banks. - ARK Flat.mx raised $25M for its tech. Paysafe to acquire Openbucks. Apex, Marstone partner on tech. Silvergate a bull on BTC...
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A New Fintech ETF Is Here
Monday, February 4, 2019 - 3:30pm | 527The fintech space is booming, but to date, just one exchange traded fund has been dedicated to that theme. That changed Monday with the debut of the ARK Fintech Innovation ETF (NYSE:ARKF). ARKF is the fifth actively managed fund in ARK Investment Management's stable. What To Know The...
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Tap Tech In Israel With This New ETF
Wednesday, December 6, 2017 - 10:27am | 501By market capitalization and sheer population, the U.S. is by far the world's largest market for the technology sector. But there are plenty of viable, investable opportunities for technology investors outside the U.S. One of the primary ex-U.S. technology opportunities is Israel, the country...
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This Active ETF Is Working
Wednesday, September 28, 2016 - 9:25am | 537Active management frequently takes some lumps, but even its most strident critics do not say 100 percent of actively managed funds are duds. There are always a few good apples in the barrel, regardless of asset class. Unbeknownst to some internet investors, one of this year's best-performing...