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2021-06-29

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

June 28 (Reuters) - Star stock picker Cathie Wood's ARK Invest filed with the U.S. Securities and Ex

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

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Coinbase has fallen 35% since its stock market debut in April.</p>\n<p>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.</p>\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147830104","content_text":"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.\nWood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year, has been a vocal proponent of bitcoin.\nHer flagship ARK Innovation fund owns around $820 million worth of shares in cryptocurrency exchange Coinbase Global , making it the fund's 10th largest holding. 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