🔥 Cathie Woods Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block.
Image: World Economic Forum/Sikarin Fon Thanachaiary/Decrypt (Licensed under CC BY-NC-SA 2.0)Create an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Ark Invest bought about $37.4 million in Block shares Monday. The firm divided the 456,059 shares among its ARKK, ARKW, and ARKF funds. Ark also bought roughly $3.4 million in Circle shares. Cathie Woods Ark Invest bought $37.4 million in Jack Dorsey-led Block Inc. shares Monday, spreading the purchase across three actively managed exchange-traded funds. Ark bought 456,059 shares of Block, which trades under the ticker XYZ, according to a trading notification from the investment firm.
The firm allocated 191,732 shares, worth about $15.7 million, to its flagship ARK Innovation ETF. The ARK Next Generation Internet ETF acquired 88,065 shares valued at roughly $7.2 million, while the ARK Fintech Innovation ETF added 176,262 shares worth about $14.5 million. Block shares closed down 3.23% Monday at $80.20. Dorsey, a long-time Bitcoin proponent, co-founded Block in 2009. Originally called Square Inc, the company operates the Square merchant platform, Bitcoin and financial app Cash App, and develops Bitcoin mining hardware. The purchase followed Blocks second-quarter earnings report.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#StablecoinLiquidity #BitcoinETFInflows #SECryptoRegulation
Image: World Economic Forum/Sikarin Fon Thanachaiary/Decrypt (Licensed under CC BY-NC-SA 2.0)Create an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Ark Invest bought about $37.4 million in Block shares Monday. The firm divided the 456,059 shares among its ARKK, ARKW, and ARKF funds. Ark also bought roughly $3.4 million in Circle shares. Cathie Woods Ark Invest bought $37.4 million in Jack Dorsey-led Block Inc. shares Monday, spreading the purchase across three actively managed exchange-traded funds. Ark bought 456,059 shares of Block, which trades under the ticker XYZ, according to a trading notification from the investment firm.
The firm allocated 191,732 shares, worth about $15.7 million, to its flagship ARK Innovation ETF. The ARK Next Generation Internet ETF acquired 88,065 shares valued at roughly $7.2 million, while the ARK Fintech Innovation ETF added 176,262 shares worth about $14.5 million. Block shares closed down 3.23% Monday at $80.20. Dorsey, a long-time Bitcoin proponent, co-founded Block in 2009. Originally called Square Inc, the company operates the Square merchant platform, Bitcoin and financial app Cash App, and develops Bitcoin mining hardware. The purchase followed Blocks second-quarter earnings report.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#StablecoinLiquidity #BitcoinETFInflows #SECryptoRegulation