Cathie Wood’s ARK Invest Buys Over 300,000 Shares of a Bitcoin Play

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:

FundTickerCompanyShares
ARKFCOINCOINBASE GLOBAL INC22,900
ARKGVERVVERVE THERAPEUTICS INC58,700
ARKGSGFYSIGNIFY HEALTH INC74,630
ARKGRPTXREPARE THERAPEUTICS INC5,395
ARKGQSIQUANTUM-SI INC126,412
ARKGINCYINCYTE CORP213,550
ARKKIRDMIRIDIUM COMMUNICATIONS INC21,773
ARKKFATEFATE THERAPEUTICS INC92,286
ARKKBEAMBEAM THERAPEUTICS INC1,335
ARKQBLDEBLADE AIR MOBILITY INC26,056
ARKQMKFGMARKFORGED HOLDING CORP98,410
ARKQMGAMAGNA INTERNATIONAL INC89,100
ARKWUUNITY SOFTWARE INC117,102
ARKWCNDCONCORD ACQUISITION CORP513,289
ARKWCOINCOINBASE GLOBAL INC48,977
ARKWGBTCGRAYSCALE BITCOIN TRUST BTC310,067
ARKWKVSBKHOSLA VENTURES ACQUISITION CO II578,332
ARKWPATHUIPATH INC148,442
ARKXAVAVAEROVIRONMENT INC9,700
ARKXBLDEBLADE AIR MOBILITY INC172,316

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

ALSO READ: 5 Energy Stocks to Buy Ahead of Earnings as Crude Prices Back Up


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article