Cathie Wood’s ARK Invest has made a significant move in the cryptocurrency space, acquiring over $8 million worth of Bullish shares this week, bringing its total investment in the crypto exchange to nearly $130 million across multiple ETFs. This strategic expansion underscores ARK’s unwavering confidence in the digital asset ecosystem despite ongoing market volatility, reinforcing Wood’s reputation as a forward-thinking investor in disruptive technologies.
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Cathie Wood is the founder and CEO of ARK Invest, a prominent investment management firm known for its focus on disruptive technologies and innovation.
Canada’s SOL & XRP ETFs Lead with $450M AUM Surge
Canada’s newest altcoin ETFs have achieved remarkable growth, with 3iQ’s Solana-focused SOLQ reaching C$300 million AUM and XRP-focused XRPQ hitting C$150 million, making them the largest in their categories among Canadian peers. The funds attracted significant institutional backing, including investments from SkyBridge Capital and ARK Invest, which used SOLQ as its first US-listed vehicle for Solana exposure. Both products feature temporary fee waivers and benefit from Canada’s first-mover advantage in regulated crypto ETFs beyond Bitcoin and Ethereum, while US investors await similar products pending regulatory approval in 2025.
read moreARK Invest Boosts BitMine Stake After ETH Milestone
Cathie Wood’s ARK Invest has made a substantial additional investment in BitMine Immersion Technologies, acquiring 101,950 shares worth $4.4 million after the Ethereum treasury company reached a significant milestone in ETH holdings. The purchase was distributed across three ARK funds: Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF, with the Innovation ETF now holding a 2.6% allocation to BitMine. Combined, ARK’s three funds now hold 6.7 million BitMine shares valued at $284 million, demonstrating the firm’s continued bullish stance on crypto infrastructure companies. This investment highlights the growing institutional interest in companies that manage cryptocurrency treasuries as Ethereum continues to establish itself as a core digital asset.
read moreARK Invest Boosts Crypto Holdings with $23.5M Purchase
ARK Invest, led by prominent investor Cathie Wood, has made substantial additions to its cryptocurrency-related holdings through three exchange-traded funds. The firm purchased approximately $16 million worth of BitMine Immersion Technologies stock and $7.5 million in Bullish shares, totaling $23.5 million in new crypto infrastructure investments. The purchases were distributed across ARK Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF), demonstrating a coordinated strategy to increase exposure to cryptocurrency mining and exchange operations. This investment follows Wood’s longstanding bullish stance on blockchain technology and digital assets, signaling continued institutional confidence in the crypto sector’s growth potential despite recent market challenges.
read moreARK Invest Buys Figma Dip After 20% Stock Drop
Figma’s stock plummeted nearly 20% to $54.56 after its first earnings report since going public, despite posting a 41% year-over-year revenue increase to $249.6 million. ARK Invest, led by Cathie Wood, reportedly added over 100,000 shares to its ARKW ETF, following its pattern of buying during selloffs. The company’s guidance for adjusted operating income of $90-100 million erased much of its post-IPO premium. Additionally, Figma disclosed holding approximately $90 million in Bitcoin through an ETF, though CEO Dylan Field emphasized the company remains focused on design rather than being a ‘Bitcoin holding company.’ Analysts view ARK’s purchase as a conviction signal in Figma’s long-term potential despite short-term execution risks.
read moreARK Invest Boosts BitMine Stake to $300M Across ETFs
ARK Invest, led by prominent investor Cathie Wood, has made a substantial additional investment in BitMine Immersion Technologies (BMNR), acquiring $15.6 million worth of shares on Wednesday. This purchase was distributed across ARK’s three main ETFs: ARK Innovation ETF (ARKK) bought 227,569 shares, ARK Next Generation Internet ETF (ARKW) acquired 70,991 shares, and ARK Fintech Innovation ETF (ARKF) purchased 40,553 shares. The move elevates ARK’s total BitMine holdings to more than $300 million, representing nearly half the size of its investment in Coinbase. This significant position in BitMine is also viewed as an indirect bet on Ether, given the company’s immersion cooling technology for cryptocurrency mining operations.
read moreBitcoin Could Hit $175K by Year-End, Says SOL Strategies CEO
Leah Wald, CEO of SOL Strategies, remains bullish on Bitcoin despite recent volatility, forecasting a potential rise to $175,000 by year-end. She attributes this optimism to increased institutional involvement from firms like BlackRock and influential investors such as Cathie Wood, alongside supportive comments from financial leaders like Larry Fink. Wald notes that the crypto industry is recovering from the FTX collapse, with banks and asset managers reopening doors to crypto investments, facilitating larger capital inflows. While acknowledging risks, she highlights a shift from short-term trading to blockchain-based infrastructure development, driven by nation-state adoption and institutional custody services. Long-term projections even suggest Bitcoin could reach $1 million by 2030, fueled by adoption trends and limited supply.
read moreArk Invest Rebalances ETFs Amid Bitcoin Price Slump
ARK Invest, led by Cathie Wood, has executed notable trades across its ETF suite amid recent market volatility. The firm sold 559.85 BTC ($64.4M) from its ARKB Bitcoin ETF, coinciding with a broader sell-off in crypto ETFs and Bitcoin’s price decline from recent highs. Simultaneously, ARK’s Innovation ETF (ARKK) purchased $21.2M in Bullish shares and $16.2M in Robinhood stock, continuing a pattern of accumulation in these positions. Both ETFs saw daily declines (ARKB -2.79%, ARKK -3.99%) as markets remain shaky ahead of the Federal Reserve’s Jackson Hole symposium, which is expected to influence near-term market direction. The trades reflect ARK’s active management approach during correction periods.
read moreBitcoin’s Steady Climb: Bullish Signals & Cautionary Calls
Bitcoin’s price hovers at $118,350, with short-term technical models forecasting an 11% rise to $129,690 by September 2025. Market indicators remain bullish, with the Fear & Greed Index at 64 (Greed) and 43% green days over the past month. Canary Capital CEO Steven McClurg cautions that Bitcoin may only have 27% upside left before a downturn, though he sees a >50% chance of hitting $140–150K this year. Institutional demand, including spot Bitcoin ETF inflows and treasury purchases, has fueled recent gains, but McClurg warns that a slowdown in big buyers could pressure prices. Macro concerns, including Fed rate cuts expected in September and October, add uncertainty. Meanwhile, bullish voices like Cathie Wood and Michael Saylor project long-term targets as high as $1.5M, citing institutional adoption and Bitcoin’s fixed supply.
read moreBitMine Hits 1M ETH Holdings, Valued at $5B
BitMine has surged ahead in the Ethereum treasury race, accumulating 1.17 million ETH (worth $5 billion) in just over a month since launching its strategy on June 30. The firm added $2 billion worth of ETH in a single week, aiming to secure 5% of ETH’s total supply. It now leads competitors like SharpLink Gaming, which holds 728,804 ETH. Corporate treasuries collectively hold 3.7 million ETH ($16.3 billion), with plans to invest $27 billion more, potentially pushing holdings to 10% of ETH’s supply. BitMine’s stock has soared 1,100%, reflecting investor enthusiasm. Institutional adoption is rising, as seen when Ark Invest shifted $175 million into BitMine, signaling confidence in Ethereum’s long-term potential.
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