Cathie Wood's ARK Invest files to offer a bitcoin ETF

Reuters2021-06-29

June 28 (Reuters) - Star stock picker Cathie Wood's ARK Invest filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund $(ETF)$, the latest fund manager attempting to cash in on investors' growing interest in cryptocurrencies.

Wood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year, has been a vocal proponent of bitcoin.

Her flagship ARK Innovation fund owns around $820 million worth of shares in cryptocurrency exchange Coinbase Global , making it the fund's 10th largest holding. Coinbase has fallen 35% since its stock market debut in April.

ARK's application to the SEC follows recent filings by Fidelity and CBOE Global Markets in March. The SEC has yet to approve a bitcoin ETF.

Bitcoin tumbled in recent days to a two-week low as China's expanding crackdown on bitcoin mining made investors more uncertain about the future of the leading cryptocurrency. Bitcoin on Monday traded at about $34,450, compared to its April peak of nearly $65,000.

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精彩评论

  • yvneyng
    2021-06-29
    yvneyng
    So ready for this new Ark offering. [Miser] @Jetblackeyes
  • Sephy
    2021-06-29
    Sephy
    Auntie mama my idol !
    • S土豪熊貓G
      YeS, Kudos to her to turn arround Crypto Coin. seem like dYing and sunsetting and she turn around it with a Thanos Click of Finger.
  • zero79
    2021-06-29
    zero79
    Good? 
  • linrui
    2021-06-29
    linrui
    Looking forward. 
  • Hengfc
    2021-06-29
    Hengfc
    Gogogo
  • Harry1010
    2021-06-29
    Harry1010
    Great
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