According to reports, Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund (ETF) on the opening day. Business insider.
Wood said of the ETF’s debut:
“we do not have [invest]. We are studying this very carefully […] There are some tax consequences, and we want to know more about futures premiums rather than more normal spot premiums. “
this Futures premium The futures price of an ETF means that the futures price of a commodity is higher than the spot price. fall back It means that the forward price of the futures contract is lower than the spot price and shows a downward trend.
Last June, Cathy Wood’s Ark Investment cooperate There are 21 shares to apply for their own Bitcoin ETF. She is no stranger to the stock market when it comes to investing in cryptocurrencies.
One of her funds, Ark Investment Management, is Officially recognized invest Canadian Bitcoin ETF Under Ark Next Generation ETF.Ark Investment owns 8.3 million Grayscale Bitcoin Trust (GBTC) shares, with Bitcoin and Ethereum It accounts for a large proportion of Ark Invest’s investment portfolio.
in spring, Ark Invest also increased Coinbase stock It has three ETFs, Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW) and Ark Financial Technology Innovation ETF (ARKF).
Wood says she is Watching Next FAANG Investment Help her investors. FAANG is the stock market acronym describing the five largest technology stocks in the United States: Facebook, Amazon, Apple, Netflix, and Google.this Fang Xiang Originally created by Jim Cramer in 2013.
this Bitcoin Strategy ETF The ETF’s natural trading volume on the first day hit a record high, and the ETF’s total trading volume on the first day ranked second.