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Ark Invest sells $6.9 million of its own spot Bitcoin ETF, ramps up Coinbase share sales

Ark Invest sold shares of ARKB Bitcoin ETF and Coinbase stock, adjusting its portfolio's diversification while experiencing mixed performance in the crypto market and Coinbase's revenue decline.

theblock.co • 02/08/2024 - 09:07 AM

Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $2.7 million worth of COIN

Ark Invest sold 12,077 Coinbase shares for $2.7 million from its ARKW ETF, now holding 7.3% of COIN. The firm aims for diversification and has increased overall by 33%.

theblock.co • 01/08/2024 - 08:59 AM

Fidelity International lists bitcoin ETP on London Stock Exchange

Fidelity International launched its bitcoin ETP on the London Stock Exchange, now accessible to professional investors, following FCA approval, enhancing digital asset opportunities in the UK.

theblock.co • 31/07/2024 - 13:24 PM

Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'

David Solomon of Goldman Sachs views Bitcoin as a speculative investment but acknowledges its potential as a store of value. Goldman is actively advancing in the crypto space.

theblock.co • 30/07/2024 - 14:36 PM

The spot Ethereum ETFs' first week by the numbers

The new U.S. spot Ethereum ETFs got off to a contrasting start last week, with over $1 billion of net inflows into eight of the funds overwhelmed by $1.5 billion in net outflows from Grayscale’s ETHE. Excluding ETHE, the Ethereum ETFs generated around 40% of the net inflows witnessed by the Bitcoin ETFs following their launch in January, excluding GBTC.

theblock.co • 29/07/2024 - 11:55 AM

At this rate, Grayscale's ETHE could run out of ether within weeks

The article discusses the mixed performance of U.S. spot Ethereum ETFs, focusing on significant net inflows and outflows, particularly concerning Grayscale's ETHE amid broader market corrections.

theblock.co • 26/07/2024 - 12:02 PM

Michael Novogratz's Galaxy secures $113 million for crypto-focused venture fund

Galaxy Asset Management raised $113 million for Galaxy Ventures, targeting early-stage crypto investments and aiming for a total of $150 million by next year.

theblock.co • 25/07/2024 - 12:13 PM

Cathie Wood's Ark Invest sells $7.8 million of its own spot Bitcoin ETF

Ark Invest sold $7.76 million in ARKB Bitcoin ETF shares, marking its first sale since January, maintaining portfolio diversification amid fluctuating market conditions.

theblock.co • 25/07/2024 - 09:57 AM

Bitwise discloses ENS addresses for spot Ethereum ETF holdings

Bitwise's ETHW, the first U.S. spot Ethereum ETF, launches with published wallet addresses and ENS subnames for transparency, aiming to verify holdings and support developers.

theblock.co • 23/07/2024 - 13:26 PM

Bitcoin Layer 2 Bitlayer reaches $300 million valuation with new funding from Franklin Templeton and others

Bitlayer Labs has raised $11 million in a Series A funding round co-led by Franklin Templeton Digital Assets and ABCDE. The round brought the Bitcoin Layer 2 developer’s valuation to $300 million.

theblock.co • 23/07/2024 - 12:00 PM

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