Two top-tier investors are clashing over the potential of innovative "growth stocks." But what they're really talking about is the Fed.
The firm is partnering with 21Shares in a bid to get a bitcoin ETF over the finish line with U.S. regulators.
The purchases come a day after the Ark bought $246 million of the crypto exchange's shares during its Nasdaq debut.
Three Ark ETF funds bought over 749,000 shares of COIN.
Payout on the notes would be dependent on the performance of the ARK Innovation ETF, an actively managed fund offered by Cathie Wood's ARK Investment Management.
Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
Wood said large companies are asking her if they should follow Square's lead.
A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.
Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest.
Despite the recent price plunge, ARK Invest's CEO remains convinced bitcoin is the first of its kind in a new asset class, one that is here to stay.
Asset manager ARK Invest would like to diversify its portfolio into ICOs, but, for now, a barrier of regulatory hurdles stands in the way.
Chris Burniske and Adam White discuss their recently published white paper, setting out what they see as the tech's investment potential.
Coinbase and ARK Invest released a white paper with four new definitions of a traditional asset they say shows bitcoin is actually a new asset class.