Cathie Wood
Bitcoin
ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time
Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $87.5 million on April 2, the highest since its debut, according to preliminary data from Farside Investors. This outflow is equivalent to approximately 1,300 BTC. The amount surpasses outflows seen from Grayscale’s Bitcoin Trust (GBTC), which recorded $81.9 million on the same day. This […]
Bitcoin
Ark Investment’s High-Stakes Bet: SEC’s Pivotal Call on Bitcoin ETF Approval Looms
The U.S. Securities and Exchange Commission (SEC) is gearing up for a pivotal decision on Ark Investment’s application for a spot bitcoin (BTC) exchange-traded fund (ETF), with a deadline set for January 10, 2024. Ark Investment, a prominent Florida-based asset management firm, recently updated its S-1 filings with the SEC on December 2, 2023, as […]