Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n
This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The total value of these sales, which rounds up to nearly $245 million, reflects a strategic rebalancing of ARK's holdings. <\/p>\n\n\n\n As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Since November 21, ARK Invest<\/a> has made notable moves in the cryptocurrency market. Cathie Wood, ARK Invest CEO, sold approximately $181 million in Coinbase shares and $64 million in Grayscale Bitcoin Trust shares. These sales are a significant part of ARK's exchange-traded funds (ETFs) strategy.<\/p>\n\n\n\n The total value of these sales, which rounds up to nearly $245 million, reflects a strategic rebalancing of ARK's holdings. <\/p>\n\n\n\n As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
For a bullish outlook, ETH\/USD must exceed the current resistance at $2,300 to cruise toward the long-term resistance at $2,500.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Sustains Above $42K Folloing The Overall Uptrend, And The ETH Might Pullback Near $2,150 Before Cruising Towards $2,500","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-sustains-above-42k-folloing-the-overall-uptrend-and-the-eth-might-pullback-near-2150-before-cruising-towards-2500","to_ping":"","pinged":"","post_modified":"2023-12-24 22:20:53","post_modified_gmt":"2023-12-24 11:20:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14777","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14741,"post_author":"15","post_date":"2023-12-22 21:54:59","post_date_gmt":"2023-12-22 10:54:59","post_content":"\n Since November 21, ARK Invest<\/a> has made notable moves in the cryptocurrency market. Cathie Wood, ARK Invest CEO, sold approximately $181 million in Coinbase shares and $64 million in Grayscale Bitcoin Trust shares. These sales are a significant part of ARK's exchange-traded funds (ETFs) strategy.<\/p>\n\n\n\n The total value of these sales, which rounds up to nearly $245 million, reflects a strategic rebalancing of ARK's holdings. <\/p>\n\n\n\n As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The current selling pressure may cause the price of ETH to retrace near $2,150 support, right below the dynamic support of the 21 EMA ($2,231). Since the price keeps moving within an overall uptrend, Ethereum may plot a bullish breakout of the current consolidation range.<\/p>\n\n\n\n For a bullish outlook, ETH\/USD must exceed the current resistance at $2,300 to cruise toward the long-term resistance at $2,500.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Sustains Above $42K Folloing The Overall Uptrend, And The ETH Might Pullback Near $2,150 Before Cruising Towards $2,500","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-sustains-above-42k-folloing-the-overall-uptrend-and-the-eth-might-pullback-near-2150-before-cruising-towards-2500","to_ping":"","pinged":"","post_modified":"2023-12-24 22:20:53","post_modified_gmt":"2023-12-24 11:20:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14777","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14741,"post_author":"15","post_date":"2023-12-22 21:54:59","post_date_gmt":"2023-12-22 10:54:59","post_content":"\n Since November 21, ARK Invest<\/a> has made notable moves in the cryptocurrency market. Cathie Wood, ARK Invest CEO, sold approximately $181 million in Coinbase shares and $64 million in Grayscale Bitcoin Trust shares. These sales are a significant part of ARK's exchange-traded funds (ETFs) strategy.<\/p>\n\n\n\n The total value of these sales, which rounds up to nearly $245 million, reflects a strategic rebalancing of ARK's holdings. <\/p>\n\n\n\n As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\n See Related: <\/em><\/strong>Cathie Wood: Bitcoin's Performance During Financial Crisis Attractive To Institutions<\/a><\/p>\n\n\n\n ARK's decision to sell its GBTC and COIN shares becomes evident considering the substantial growth in their value. Grayscale Bitcoin Trust shares, currently priced at $36.04, had begun the year at a mere $8.20. Similarly, Coinbase shares have soared from $33.60 at the start of the year to $167.86.<\/p>\n\n\n\n Bitcoin's growth, which saw a 14% increase in the past month and a peak of over $44,000, has been driven by the anticipation of the approval of a spot Bitcoin ETF, expected as early as January.<\/p>\n\n\n\n This market surge means that ARK's remaining shares in these companies are significantly more valuable than before. For instance, Coinbase's<\/a> 52% rise in the past 30 days implies that if ARK had sold its 1.3 million COIN shares a month ago, it would have earned 30% less than the $181 million it has now.<\/p>\n\n\n\n Furthermore, ARK, along with 21Shares, is looking to expand its offerings to include a spot Bitcoin ETF. The firm, competing with entities like BlackRock, last updated its S-1 filing with the SEC and awaits a decision in January, similar to other contenders in the space. This move aligns with ARK's ongoing strategy to capitalize on the dynamic cryptocurrency market.<\/p>\n","post_title":"Cathie Wood's ARK Invest Sells Over $240 Million In Crypto Assets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cathie-woods-ark-invest-sells-over-240-million-in-crypto-assets","to_ping":"","pinged":"","post_modified":"2023-12-22 21:55:06","post_modified_gmt":"2023-12-22 10:55:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Between the 21st of December and Saturday, there was a noticeable increase in Ethereum supply on exchanges. Selling pressure on altcoins usually increases when the amount of Ether available for sale rises in exchange wallets.<\/p>\n\n\n\n The current selling pressure may cause the price of ETH to retrace near $2,150 support, right below the dynamic support of the 21 EMA ($2,231). Since the price keeps moving within an overall uptrend, Ethereum may plot a bullish breakout of the current consolidation range.<\/p>\n\n\n\n For a bullish outlook, ETH\/USD must exceed the current resistance at $2,300 to cruise toward the long-term resistance at $2,500.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Sustains Above $42K Folloing The Overall Uptrend, And The ETH Might Pullback Near $2,150 Before Cruising Towards $2,500","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-sustains-above-42k-folloing-the-overall-uptrend-and-the-eth-might-pullback-near-2150-before-cruising-towards-2500","to_ping":"","pinged":"","post_modified":"2023-12-24 22:20:53","post_modified_gmt":"2023-12-24 11:20:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14777","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14741,"post_author":"15","post_date":"2023-12-22 21:54:59","post_date_gmt":"2023-12-22 10:54:59","post_content":"\n Since November 21, ARK Invest<\/a> has made notable moves in the cryptocurrency market. Cathie Wood, ARK Invest CEO, sold approximately $181 million in Coinbase shares and $64 million in Grayscale Bitcoin Trust shares. These sales are a significant part of ARK's exchange-traded funds (ETFs) strategy.<\/p>\n\n\n\n The total value of these sales, which rounds up to nearly $245 million, reflects a strategic rebalancing of ARK's holdings. <\/p>\n\n\n\n As the CEO of ARK Invest, Cathie Wood oversees a firm highly receptive to Bitcoin and cryptocurrency. ARK Invest frequently releases monthly reports on Bitcoin and maintains investments in Coinbase and Grayscale Bitcoin Trust across three of its ETFs: ARK Fintech Innovation ETF (ARKF), ARK Innovation ETF (ARKK), and ARK Next Generation Internet ETF (ARKW).<\/p>\n\n\n\n Wood is known for her optimistic stance on Bitcoin. In a recent video on the firm\u2019s YouTube channel, she highlighted Bitcoin's impressive performance this year. Bitcoin has soared 161% since January.<\/p>\n\n\n\nARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n
ARK's Strategy<\/h2>\n\n\n\n