Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle
Ark Invest's latest foray into the crypto sector focuses on stablecoin issuer Circle, which announced plans to merge with SPAC Concord Acquisition Corp. Cathie Wood's Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch. Ark Invest's ETFs have a history of bold purchases within the tech industry as indicated by their move to buy $80....
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Without a doubt, Cathie Wood has been one of the most vocal proponents of Bitcoin’s technology and value on Wall Street. Her fund Ark Invest was the first ever institutional fund to invest in through Grayscale Bitcoin Trust (GBTC) in 2015, which was when Bitcoin was only worth 200 dollars. One of Wood’s signature funds, […]
On Monday, famous investor Cathie Wood’s eye-catching fund sold over 98,000 shares of Coinbase.
Quick Facts: ➡️ Cathie Wood’s Ark Invest continues to accumulate crypto-proxy assets, signaling strong institutional conviction despite market volatility. ➡️ LiquidChain creates a Layer 3 infrastructure that merges Bitcoin, Ethereum, and Solana liquidity into a single execution environment. ➡️ The project minimizes security risks associated with wrapped assets by utilizing a verifiable settlement architecture. ➡️ […]
Cathie Wood’s Ark Investment Management has reportedly purchased $19,872,939 worth of bitcoin.
The average deal size of crypto mergers and acquisitions reached $180 million in 2021, surging from $53 million in 2020, PwC said. Merger and acquisition deals in the cryptocurrency industry, simply known as M&As, have massively increased in 2021, with associated value jumping nearly 5,000%, according to PwC, one the largest accounting firms in the United States.The total volume of crypto mergers and acquisitions soared 4,846% last year, with the average deal size reaching about $180 million from $53 million in 2020, PwC said in a new study, Bloomberg reported on Wednesday.PwC detailed....