Cathie Wood’s ARK Invest Buys Over 1 Million Shares Into a Bitcoin Play

By Chris Lange Published Jun 23, 10:40AM EDT

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Cathie Wood’s ARK Invest Buys Over 1 Million Shares Into a Bitcoin Play — © SlavkoSereda / iStock via Getty Images

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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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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