Cathie Wood’s ARK Invest Buys Over 300,000 Shares of a Bitcoin Play
One of Cathie Wood's Ark Invest funds bought over 300,000 shares of a Bitcoin ETF on July 19.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Monday. The fund bought over 300,000 shares of Grayscale Bitcoin Trust (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 310,067 shares of Grayscale’s Bitcoin Trust. At Monday’s closing price, this would have valued this purchase at roughly $7.8 million. Even though this is a small fraction of the fund’s total holdings, every little bit counts. The fund is up 51% in the past year.
Here’s a look at all the other purchases across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | COIN | COINBASE GLOBAL INC | 22,900 |
| ARKG | VERV | VERVE THERAPEUTICS INC | 58,700 |
| ARKG | SGFY | SIGNIFY HEALTH INC | 74,630 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 5,395 |
| ARKG | QSI | QUANTUM-SI INC | 126,412 |
| ARKG | INCY | INCYTE CORP | 213,550 |
| ARKK | IRDM | IRIDIUM COMMUNICATIONS INC | 21,773 |
| ARKK | FATE | FATE THERAPEUTICS INC | 92,286 |
| ARKK | BEAM | BEAM THERAPEUTICS INC | 1,335 |
| ARKQ | BLDE | BLADE AIR MOBILITY INC | 26,056 |
| ARKQ | MKFG | MARKFORGED HOLDING CORP | 98,410 |
| ARKQ | MGA | MAGNA INTERNATIONAL INC | 89,100 |
| ARKW | U | UNITY SOFTWARE INC | 117,102 |
| ARKW | CND | CONCORD ACQUISITION CORP | 513,289 |
| ARKW | COIN | COINBASE GLOBAL INC | 48,977 |
| ARKW | GBTC | GRAYSCALE BITCOIN TRUST BTC | 310,067 |
| ARKW | KVSB | KHOSLA VENTURES ACQUISITION CO II | 578,332 |
| ARKW | PATH | UIPATH INC | 148,442 |
| ARKX | AVAV | AEROVIRONMENT INC | 9,700 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 172,316 |
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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.
