Faster global financial news!
Cathie Wood: Wall Street Analysts Can't Understand Circle, ARK's Flagship Fund Has Made It Its Largest Crypto Bet
ARK Invest founder Cathie Wood stated that Wall Street analysts fail to understand Circle due to their focus on traditional payment companies. Despite Circle (CRCL) shares falling 42% over the past year, Wood has continued to buy, making Circle her flagship fund's largest cryptocurrency bet. As of last Friday, ARK's flagship fund held 3,931,968 shares of Circle stock, valued at $329 million, accounting for 5.14% of its portfolio, surpassing its Coinbase holdings.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Coinbase CEO Brian Armstrong says crypto, especially stablecoins, offers a way for people in high-inflation countries to hold stronger global fiat currencies like USD.
|
Next: Billionaire Stanley Druckenmiller made cancer-testing firm Natera (NTRA) his largest holding, increasing stake in Q2 to $864.9 million, accounting for 16.6% of his reported portfolio.
24H Trending
-
1
China's A-share optical chip sector collectively plummeted on October 8, with the optical chip index falling over 5%.
-
2
Several large funds are contrarian buying Italian government bonds and European corporate bonds, betting that the market is overpricing concerns about systemic risks in the Eurozone.
-
3
Crypto investment firm Deus X Capital to shut down as backers split strategies; CEO to lead AI venture
-
4
Standard Chartered plans to expand crypto custody services in Singapore for institutions
-
5
FINO Coin Market Analysis: Trading Activity and Potential Risks
-
6
EU trade chief holds talks in China amid trade tensions, EU Parliament votes for tougher stance
-
7
Ethereum Foundation Researcher Warns AI Could Break Crypto Wallet Security in Months
-
8
South Korea's defense industry faces recalibration in Europe as battlefield demands shift
-
9
Brent crude rose 2.5% on Thursday, breaking above $102, sparking inflation concerns; South Korean stocks closed down 2.6%, and U.S. Treasury yields approached 2002 highs.
-
10
BitMart Exchange Has Ceased Operations: A Review of Perpetual Contract Services and Platform Status
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
