Cathie Wood’s ARK Invest has submitted registration statements for two index crypto ETFs, tracking the CoinDesk 20 index. One of them provides exposure to Bitcoin alongside altcoins such as ETH, SOL, XRP, and ADA, while the other simply focuses on these altcoins and excludes the flagship crypto and Bitcoin Cash. Ark Invest Files S-1 For
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]]>Cathie Wood’s asset management firm Ark Invest has filed multiple applications for new Bitcoin ETFs, according to the latest submissions to the U.S. Securities and Exchange Commission (SEC). This comes following the approval of generic listing standards for crypto exchange-traded funds. Cathie Wood’s Ark Invest Submits More Bitcoin ETF Applications According to the new SEC
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]]>Cardano (ADA) Not Out of the Woods Yet as Analysts Expect Crash, While Mutuum Finance (MUTM) Holders Eye 44x Gains Cryptopolitan
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BlackRock and Cathie Wood’s Ark Invest have reportedly sold off some of their BTC holdings. This follows a veteran trader’s prediction that the Bitcoin price would drop below $100,000. BlackRock, Cathie Wood’s Ark Dumps BTC Amid Market Downturn BlackRock recently sold 490 BTC worth $68.7 million, alongside $87.2 million in Ethereum sales. Despite the selloff,
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]]>Bitcoin Needs Its Own Bretton Woods, Says Cardano Founder Bitcoinist.com
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Ark Invest has its sights on a bullish outlook for Bitcoin (BTC) in its new price forecast for 2030. In upbeat fashion, Bitcoin ETFs have pulled in $2.65 billion in inflows over the last week as optimism runs high in the ecosystem.
Ark Invest Predicts Bitcoin Price To Cross $1 Million By 2030
Cathie Wood’s Ark Invest has updated its Bitcoin price target for 2030, tipping the largest cryptocurrency to soar to new highs. According to ARK’s Big Ideas 2025 report, a worst-case scenario will leave BTC trading at $300,000 by the end of the decade.
Ark Invest predicts a base case of at least $710,000 per BTC in 2030 and a bullish projection of $1.5 million for a single Bitcoin.
Per the report, Ark Invest is hinging its prediction on a swathe of factors while taking into cognizance Bitcoin’s deterministic issuance schedule. With Bitcoin supply reaching 20.5 million units by the decade’s end and nearing its supply cap of 21 million, Ark Invest maintains an upbeat stance for the BTC price.
The report taps institutional investors via Bitcoin spot ETFs to be the largest growth driver over the next five years. Furthermore, Bitcoin’s status as digital gold will attract a new wave of investors given its “transparent store-of-value” nature in comparison to gold. The report tips an avalanche of investors from emerging markets turning to BTC to shield their assets from inflation and devaluation to fuel a sustained rally.
Other factors backing Ark Invest’s prediction include the incoming rise of nation-state and corporate treasuries. Sweden is tinkering with including Bitcoin into its foreign reserves. Bitcoin maxi Samson Mow is calling for a Japanese Strategic Bitcoin Reserve.
Bitcoin ETFs Record $2.65 Billion In Inflows As BTC Price Crosses $95k
While the Bitcoin price performance by Ark Invest is considerably bullish in the long term, short-term metrics are nothing short of impressive. Over the last seven days, Bitcoin spot ETFs have attracted $2.65 billion in inflows after a small blip in activity in early April.
Per the latest data, BlackRock’s IBIT pulled in the biggest funds with impressive daily inflows, closely followed by Fidelity’s FBTC. The gains follow Michael Saylor’s prediction that BlackRock’s IBIT will be the largest Bitcoin ETF after 2030.
The surge in Bitcoin ETF metrics comes on the heels of impressive price performance for the largest cryptocurrency. Bitcoin has staged a strong comeback to trade at $94K, gaining nearly 12% over the last week. Bitcoin price flashed brilliance as China bolstered its gold holdings, triggering optimism for a rally to reclaim $100K.
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]]>ARK Invest under the leadership of Cathie Woods has added more Bitcoin holdings through purchasing 997 BTC which is reportedly worth $80 million. The purchase was executed through two transactions on March 13, 2025, via the crypto exchange Coinbase. This is in line with the firm’s ongoing plan of holding a major position in digital assets as it expresses confidence in Bitcoin.
Ark Invest Acquires 997 BTC Through Coinbase
According to data from Arkham Intelligence, Ark Invest acquired 997 BTC worth $80 million from Coinbase on March 13, 2025. The transaction was split into two parts: the first purchase included 498 BTC, while the second, completed four hours later, added 499 BTC.
The acquisition occurs at a time when Ark Invest is seeking to increase its Bet on Bitcoin. Currently, institutional investors remain very active holders of cryptocurrencies and a large number are invested in Bitcoin ETFs. The most recent acquisition shows that the firm is willing to remain in the digital asset sector regardless of the price swings.
However, apart from this latest BTC purchase, Ark Investment has sold roughly $9 million of its BTC ETFs invested in the company. This sentiment is in line with other institutions selling, as $1.1 billion exited spot Bitcoin ETF. The reason for this can be attributed to a declining performance of the US stock market, inflation concerns, and uncertainties in trade policies.
Ark Invest Rebalances Portfolio
In addition to acquiring Bitcoin, Ark Invest recently increased its Coinbase (COIN) stock holdings. The firm purchased 64,358 shares of Coinbase, valued at approximately $11.53 million. This marks its largest investment in Coinbase stock since August 2024.
Unlike previous portfolio adjustments, Ark Invest did not sell its spot Bitcoin ETF holdings. The firm’s decision to retain Bitcoin while expanding its Coinbase stock holdings suggests a strategic shift in its investment approach. Analysts view this move as part of Ark Invest’s long-term strategy in the digital asset sector.
Bitcoin Price Action Amid Institutional Interest
In recent weeks, Bitcoin price shifted due to institutional buying and selling together with other factors in the crypto market. Ironically, BTC has remained an essential commodity for long-term investors who keep amassing.
More so, Cathie Wood remains a supporter of Bitcoin. Cathie previously forecasted an increase in BTC price to $1 million per coin by 2030.
Nevertheless, Bitcoin’s strength has diminished due to the trading war impact, which makes the asset still bearish. Bitcoin price traded in the $79,000 range before rising back to the $81,000 mark, but faced resistance at the $83,700 level. In case, the selling pressure continues, BTC price may further decline towards the $75,000 Support level.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Coinspeaker
Cathie Wood’s Ark Invest Goes on COIN Buying Spree, Buys $2.2M of Coinbase Shares
Ark Invest, the investment management firm led by Cathie Wood, purchased a total of $2.2 million worth of Coinbase (COIN) shares, marking it the first purchase in nearly a month’s time since September 11.
On Tuesday, October 8, Ark Invest purchased a total of 12,994 COIN shares through its Fintech Innovation ETF (ARKF). With this purchase, the asset manager now holds $67 million worth of COIN stock, which represents 7.43% weightage in the total fund’s value. As of Tuesday’s closing, the Coinbase (COIN) share price is trading at 167.69.
Ever since the last purchase of COIN shares last month on September 11, the stock has gained 6.5%. However, it is still available at a 20% discount from the month of August. ARK may be preparing for a potential rally in the COIN stock, driven by a typical October surge in Bitcoin’s
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In another recent development, Ark Invest also offloaded a massive 135,665 shares of Robinhood (HOOD), valued at a staggering $3.5 million. This recent sell-off comes as part of complying with an SEC regulation that prohibits funds from holding over 5% exposure to companies earning over 15% of their revenue from the sale of the securities. HOOD shares climbed nearly 10% on Tuesday, closing at $25.61.
Ark Invest often shuffles its holdings periodically as part of its portfolio rebalancing measures. In the past, it sold a large number of COIN shares when it was trading at around $280 in 2023.
Coinbase vs SEC Legal Battle Continues
This year, the COIN stock has been largely underperforming despite a strong surge in Bitcoin price and other altcoins. Furthermore, it has underperformed other market payers like MicroStrategy. One of the major reasons behind this is the ongoing legal battle between Coinbase and the US SEC.
Coinbase Global Inc. is continuing its legal battle against the SEC’s rejection of its petition for new rulemaking on digital assets. Coinbase is pushing for clear regulations to define when a digital asset qualifies as a security. This action comes amid a notable rise in US-listed cryptocurrency stocks, fueled by the Federal Reserve’s decision to lower interest rates.
In the overseas market, Coinbase has also been undertaking necessary measures to comply with the local jurisdictions. Last week, Coinbase announced that it would delist all non-compliant stablecoins by December this year in Europe, in order to comply with the MiCA rules.
Cathie Wood’s Ark Invest Goes on COIN Buying Spree, Buys $2.2M of Coinbase Shares
]]>Ark Invest, an investment firm led by Cathie Wood, offloaded a significant share in the ProShares Bitcoin Strategy ETF (BITO). On Thursday, April 25, Ark Invest sold over $6.7 million worth of BITO. In addition, the firm divested a sizable stake in Block Inc. (SQ). On the contrary, it added shares of Meta Platforms Inc. (META).
Ark Invest Divests Stake In ProShares Bitcoin ETF
According to data from Ark Invest Daily on X, the Cathie Wood-led organization dumped 237,983 shares in BITO from ARK Next Generation Internet ETF (ARKW. The sell transaction was worth $6.71 million, considering the latest closing price of the Pro Shares Bitcoin ETF.
On Thursday, the BITO fund closed at $28.22, gaining 1.33% in value. However, after the latest offloading, the ETF witnessed a slight slump in the pre-market session today. At press time, the ProShares Bitcoin Strategy ETF was valued at $28.08, dropping 0.50% from recent close.
Earlier, on April 19, ARKW sold 28,936 shares of BITO while simultaneously increasing its holdings with the acquisition of 139,152 shares of ARKB, ARK’s bitcoin ETF. Moreover, ARK expanded into Ethereum investments, buying 41,068 shares of ProShares Ether ETF.
Also Read: Multiple Bitcoin ETFs Report Net Outflows, GBTC OutFlows Cross $17 Billion
Meta Platforms & Block Portfolio Rebalancing
Apart from divesting ProShares Bitcoin ETF stake, Ark Invest added META shares to ARKW and ARK Innovation ETF (ARKK). The two buy transactions involved 25,355 shares of Meta Platforms. Considering the latest close, the purchase was worth nearly $11.20 million.
Ark Invest seems to be capitalizing on the “buy the dip” strategy as the META stock plunged over 10% on Thursday, closing at $441.38. However, the stock registered a rebound in the pre-market session today as it traded at $446.23, gaining 1.10%.
Whilst, Ark Invest expedited the divestment of the SQ stock. The Cathie Wood-led firm dumped 212,715 shares of the Block Inc. from ARKK and Ark Fintech Innovation ETF (ARKF). The offloading was worth a whopping $15.48 million at the closing price of $72.79, dropping 1.67%. In the pre-market session, the SQ stock was up 0.77% to $73.35 on Friday.
Also Read: Grayscale Bitcoin Trust (GBTC) Sets Unprecedented Outflow Record: What’s Next?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Renowned author Robert Kiyosaki, celebrated for his best-selling book “Rich Dad Poor Dad,” recently lent his support to Cathie Wood’s audacious Bitcoin price prediction of $2.3 million per BTC. Kiyosaki’s endorsement stems from his admiration of Wood’s intellect and unwavering confidence in Bitcoin’s value proposition for future investment portfolios.
He firmly emphasized the crucial role of individual belief in Bitcoin’s potential, irrespective of the precise accuracy of Wood’s prediction. Kiyosaki further underscored the significance of learning from mistakes, urging readers to contemplate investing in Bitcoin, even with modest amounts, to acquire valuable insights and familiarity with the intricacies of the cryptocurrency market.
Bitcoin (BTC) Technical Analysis
As of April 11, 2024, Bitcoin is currently valued at $70,678.039, boasting an impressive market capitalization of $1.4 trillion. A detailed technical analysis conducted on the weekly time frame reveals the emergence of a promising bullish reversal pattern referred to as the rounding bottom. This pattern suggests a potential cessation of the prevailing downtrend, with discernible signs of renewed interest among investors to acquire Bitcoin.
The prevailing open interest stands at a significant $19.8 billion, indicating a notable 0.80% 24-hour change in trading activity. Market analysts are optimistic, anticipating a forthcoming challenge to the all-time high resistance level of $73,578, which could serve as a definitive confirmation of the onset of a robust bull market.
Also Read: UNI Price Tanks 15% As Whales Dump Uniswap On Fears of SEC Lawsuit
Insights into Market Sentiment and Investment Strategy
Kiyosaki’s public backing of Cathie Wood’s ambitious Bitcoin price projection reflects an escalating confidence in the enduring potential of Bitcoin. The technical analysis findings reinforce a positive outlook for Bitcoin, with an observable surge in investor interest in the cryptocurrency.
Amidst the backdrop of market volatility, Kiyosaki advocates for an assertive investment approach, emphasizing the inherent value of learning and acquiring firsthand experience within the cryptocurrency sphere. His insightful perspective accentuates the paramount importance of individual conviction and proactive involvement in investment decision-making processes, transcending prevailing market sentiments.
Also Read: Ripple CEO Emphasizes Regulatory Clarity Amid Ongoing XRP Lawsuit
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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