Bitcoin Bull Cathie Wood Attracts Big Short Michael Burry To ARK Innovation ETF
After overcoming the subprime mortgage catastrophe, Michael Burry now sets his sights on ETF ARK’s flagship invention from Bitcoin Bull Cathie wood, which finances companies like Square, GBTC, and Tesla. The “Big Short Movie” lead character Michael Burry takes a major temporary stand against ARK, the ETF innovation of Cathie Wood. As stated by second quarter 13 fillings, Michael Burry’s investment fund “Scion Asset Management” bought up to $31million bearish put options against the ETF 235,000 shares. The best way to profit when there is a decrease in the fund or stock value is through....
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Michael Burry called the subprime mortgage crisis and he's now turned his attention to ARK's flagship Innovation ETF which invests in companies like Tesla and Square as well as GBTC. Michael Burry, the investor made famous by The Big Short movie, has taken out a major short position against Cathie Woods’ ARK Innovation ETFAccording to second-quarter 13f filings, Burry’s hedge fund Scion Asset Management has purchased $31 million worth of bearish put options against 235,000 shares of the ETF. Put options are a way of profiting from the decline in value of a stock or fund.The Innovation ETF....
Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big....
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto.
Michael Burry Says He Is Not Shorting Cryptocurrencies
Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, confirmed to CNBC Friday that he has not been shorting bitcoin or other cryptocurrencies.
Burry is best known for being the first investor to foresee and....
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, shared his view last week about where he sees the markets heading. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The....