ARK Investment Management

Cathie Wood, CEO of ARK Investment Management, praised the resilience of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) during the recent banking crisis. What Happened:  In an interview with Yahoo Finance on Saturday, Wood explained that these digital assets have acted as "risk-off" assets...

Cathie Wood-led ARK Investment Management divested a small stake in class C shares of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) on Monday. The ARK Autonomous Tech. & Robotics ETF (NYSE:ARKQ) sold 1,000 class C shares of the tech giant at an estimated valuation of over $106,000, based on Monday'...

Ark Investment Management CEO Cathie Wood agrees with Coinbase Global Inc.’s (NASDAQ:COIN) former CTO Balaji Srinivasan‘s bullish forecast for Bitcoin (CRYPTO: BTC) but proposes a different timeline. What Happened: In a Friday episode of Ark Invest’s podcast, Srinivasan reiterated...

Cathie Wood-led ARK Investment Management raised stakes in a number of biotech companies on Wednesday with these stocks recording negative returns over the last one month, potentially making them attractive in terms of valuations. What Happened: Funds operated by ARK bought shares of Crispr...

Cathie Wood-led ARK Investment Management offloaded shares of Chinese e-commerce giant JD.Com Inc (NASDAQ:JD) at an estimated valuation of over $390,000, based on Monday's closing price. What Happened: The sale was done via the ARK Fintech Innovation ETF (NYSE:ARKF) that has JD.com as the 25th...

Ark Investment Management CEO Cathie Wood sees the possibility of a hard landing, as the velocity of money slows down amid the banking crisis. Wood fell back on a basic economics equation to explain her point in a Twitter Space hosted by Pensions & Investment’s editor-in-chief...

Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies. What Happened: ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies (NASDAQ:NIU) and Guangzhou-based...

Cathie Wood-led ARK Investment Management defied a short-selling report by Hindenburg Research on Jack Dorsey's payment firm Block Inc (NYSE:SQ) and loaded up over 338,000 shares of the company at an estimated valuation of $20.9 million based on Thursday's closing price. The purchase was made via...

Ark Investment Management CEO Cathie Wood on Wednesday argued why investors are considering crypto assets in response to the economic crisis. What Happened: In a Twitter thread, she noted how, as crypto assets soared during the Silicon Valley Bank meltdown, the administration suggested that...

Cathie Wood-led ARK Investment Management sold a whopping $13.5 million stake in cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) on Tuesday. ARK sold over 160,000 shares of the company on a day when its stock rose over 11%. The sale was done via the ARK Fintech Innovation ETF (...

Ark Investment Management CEO Cathie Wood said regulators are “using crypto as a scapegoat” for their own lapses in oversight of traditional banking. What Happened: Wood on Wednesday responded to a letter sent by Congressman Tom Emmer (R-Minn.) to the Federal Deposit Insurance...

ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “that do not have any central points of failure.” Wood's comments come at a time when...

Cathie Wood-led ARK Investment Management bought more shares of Tesla Inc. (NASDAQ:TSLA) after last week's purchase. What Happened: The flagship ARK Innovation ETF (NYSE:ARKK) and the ARK Next Generation Internet ETF (NYSE:ARKW) cumulatively bought over 26,700 shares of the EV-maker at an...

Cathie Wood-led ARK Investment Management bought a whopping $20.5 million stake in cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) on Thursday. Funds operated by ARK purchased over 353,000 shares of the company on a day when its stock fell over 7.8%. The purchase was conducted...

Cathie Wood's Ark Investment Management said in a report that Bitcoin (CRYPTO: BTC) bulls have been on a dominating streak in 2023.  What Happened: According to Ark Invest's "The Bitcoin Monthly" report, the short-term holder (STH) cohort — holders who...