Saturday, July 31, 2021
Home Crypto News Market Cathie Wood's ARK Buys The Dip Again, ARK Buys More Shares of...

Cathie Wood’s ARK Buys The Dip Again, ARK Buys More Shares of Grayscale Bitcoin Trust on Tuesday

- Advertisement -

Katie Wood, founder, CEO, and CIO at ARK invest, proves her conviction remains strong by purchasing another Bitcoin dip on Tuesday.

According to trading reports that are published daily, Cathie Wood’s ARK Invest purchased an additional 140,157 shares in a Grayscale Bitcoin trust on Tuesday. This was for its next generation ARK Internet ETF.

ARK Invest added 310,000 GBTC share on Monday, and bought additional 140,157 shares in a Grayscale Bitcoin trust on Tuesday.

ARK currently holds 9 million GBTC shares, with a market value of $ 216 millions. ARK ETF also has have $ 234 millions worth of Coinbase shares.

Bitcoin dropped to $29,300 on July 21. This brought down the rest of market.. The substantial market correction made ARK Invest to buy more BTC.

Wood predicted previously that the BTC would eventually surpass $500,000 in the long-term.

Ark Invest CEO Katie Wood stated that Bitcoin will still reach $500,000 in a recent interview with Carol Massar of Bloomberg despite of ongoing sell-off.

- Advertisement -
Albert Brown
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Cardano Founder, Charles Hoskinson “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”

Cardano (ADA) founder Charles Hoskinson in his latest live stream update on YouTube confirmed that “we are on schedule things are moving along, chugging...

Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

In a recent interview with CNBC MicroStrategy CEO, Michael Saylor defends $2.2 billion debt-financed bitcoin buys. window.coinzilla_display...

Cardano Price Prediction: Cardano Awaits A Range Breakout For 40% Upswing

Cardano anticipates a breakout from a range of two key moving averages (50 SMA and 100SMA) in the 12-hour chart. Bullish RSI is giving...

Binance Stops Crypto Futures Trading Services Across European Countries

Binance Exchange will stop offering Futures and Derivatives trading products for all European users. window.coinzilla_display = window.coinzilla_display...

Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial...

Microstrategy CEO Michael Saylor always shows that he is a faithful supporter of Bitcoin. Microstrategy currently holds 105,085 BTC. Michael Saylor is among the...

Bitpay Adds Support For Litecoin And Newegg Becomes The First Merchant To Accept LTC Through Bitpay

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced support for Litecoin in the BitPay Wallet app. Consumers can buy, store and...

Yoroi Wallet To Release Dapp Connector That Will Allow Interactions Between Users And Dapps On Cardano Blockchain

Cardano (ADA) smart contracts are coming soon and so is its infrastructure advancing. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly