Cathie Wood’s ARK Invest Buys Over 1 Million Shares Into a Bitcoin Play
One of Cathie Wood's Ark Invest funds bought over 1 million shares of a Bitcoin ETF on June 22.
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One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Wednesday. The fund bought over 1 million shares of Grayscale Bitcoin Trust (OTC: GBTC), as the price of this ETF was relatively flat on the day. Note that this fund is still up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 1,046,002 shares of Grayscale’s Bitcoin Trust. At Tuesday’s closing price, this would have valued this purchase at roughly $29.3 million. Even though this is a small fraction of the fund’s total holdings, every little bit counts. The fund is up 73% in the past year.
Here’s a look at all the other Buys across the ARK ETFs:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKF | Buy | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY CO LTD | 603,800 |
| ARKF | Buy | BEKE | KE HOLDINGS INC | 124,857 |
| ARKG | Buy | QSI | QUANTUM-SI INC | 18,700 |
| ARKK | Buy | COIN | COINBASE GLOBAL INC | 214,718 |
| ARKQ | Buy | BLDE | BLADE AIR MOBILITY INC | 116,164 |
| ARKQ | Buy | PATH | UIPATH INC | 121,171 |
| ARKQ | Buy | JD | JD.COM INC | 12,030 |
| ARKW | Buy | GBTC | GRAYSCALE BITCOIN TRUST BTC | 1,046,002 |
| ARKW | Buy | SPLK | SPLUNK INC | 192,914 |
| ARKX | Buy | 2618HK | JD LOGISTICS INC | 583,137 |
| ARKX | Buy | 3690HK | MEITUAN | 40,013 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
