Reddit Posts
ETF Institutions are buying BTC over the counter.. here’s an analogy..
Interpreting Bitcoin ETF Trends: What Does It Mean for BTC's Price?
Is it a good idea to buy bitcoin ETF for country outside of USA without capital gains tax?
Amid a red day, here is some positive data after day 1 trading of BTC ETFs
All 11 bitcoin ETF tickers, for tomorrow. GLTA!!!
Are you guys buying bitcoin ETFs?
CBOE.com just prematurely announced ARK Bitcoin ETF will start trading tomorrow 👀
SEC.gov website says ARK’s ETF is approved!!!!!
The ARK Bitcoin ETF is Now Live on the SEC Website with an Approval Date of Today.
ETF Has been approved for ARK Invest!
📊 Bitcoin's MVRV Z-Score Trend: What Does It Signal Pre-Halving
ARK Invest dumps further 133,000 Coinbase shares as BTC ETF deadline looms
If Bitcoin ETF is approved, what companies other than Coinbase would be in the running crypto custodians?
Low and microcap gems to watch now that the bullrun has started, Pt. 2
Low and microcap gems to watch now that the bullrun is here, Pt. 2.
Cathie Wood's ARK Invest Offloads $25M of Coinbase Shares
UPDATE‼️! 9 Bitcoin ETF issuers have updated their applications today - which is the SEC's deadline for the first wave of Bitcoin ETF approvals... GLTA!!!
The news in the crypto market right now are as mixed and contradicting as the mood in the cryptocurrency subreddit.
Cathie Wood's ARK bought $92m worth of Bitcoin ETF shares in $BITO
SEC confirms it met with multiple Bitcoin ETF issuers yesterday, including BlackRock, Valkyrie, ARK etc. SEC was clear: remove "in-kind" redemptions from filings. "Cash creates" only. SEC gave guidance that a Bitcoin ETF will likely be approved by Jan 10 - Fox Business... GLTA!!!
Cathie Wood's ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust
POKT has raised $7.9M from Fidelity-affiliated Avon Ventures, Placeholder Capital connected with ARK Invest and Druid Ventures to advance DePIN toward mainstream adoption
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms
Starting on 10/23, ARK began unloading GBTC shares
ARK invest and 21shares obtain CUSIP code for Bitcoin spot ETF
SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood.
SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood - The Daily Hodl
ARK’s amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
ARK’s amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
Isn't ARK filing updated version of its spot bitcoin ETF prospectus to SEC very bullish?
ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms
I have $1000. Smash? Or DCA for $40 per week for 1 year?...
10 years ago, while the BTC price was just $100, Joe Rogan mentioned Bitcoin for the first time on his podcast. Fascinating how early some could have been.
When did you first hear about crypto, and most importantly, when did you buy any?
Bitcoin price predictions: experts summary
One of Ethereum’s Biggest Rivals Gearing Up To Outperform ETH, According to Former ARK Invest Crypto Analyst - The Daily Hodl
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
ETH ETF delays and more news of this month [SERIOUS]
SEC delays decision on ARK 21Shares Ethereum ETF
SEC Delays ARK 21Shares Ethereum Spot ETF Decision
SEC Preemptively Postpones ARK Bitcoin Spot ETF Ruling
SEC Postpones ARK 21Shares Bitcoin ETF Decision Until 2024
SEC moves to delay decision on ARK 21Shares Bitcoin ETF into next year | The Block
SEC moves to delay decision on ARK 21Shares Bitcoin ETF into next year
SEC moves to delay decision on ARK 21Shares Bitcoin ETF into next year
SEC Postpones ARK 21Shares Bitcoin ETF Decision Until 2024
SEC moves to delay decision on ARK 21Shares Bitcoin ETF into next year
SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January
SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January
SEC moves to delay decision on ARK 21Shares Bitcoin ETF into next year
SEC Chair Gary Gensler could be the most oblivious BTC pumper we have seen yet.
Here’s a list of all the asset managers that have applied for a Bitcoin spot ETF
What is going to happen with the ARK Bitcoin ETF on 1/10/24?
Looking at facts, this might be the last good opportunity to buy Bitcoin and some Crypto before the game changes completely.
Persistent macro headwinds could delay Bitcoin bull market — ARK Invest
More ETH ETF applications on the way, do they have a chance of approval - Cathie Wood's ARK Invest Is Trying To Launch An Ether ETF
ARK Invest’s Cathie Wood Says Bitcoin and Artificial Intelligence About To Witness Explosive Growth – Here’s Why
Venture Capitalist Who Predicted 2022 Crypto Market Bottom Expects 2,500% Rally For Solana
Why An Ethereum Spot ETF Can Change Everything
Cathie Wood's ARK Invest Files for First Spot Ethereum ETF
Cathie Wood's ARK Invest Files for First Spot Ethereum ETF
Cathie Wood's ARK Invest Files for First Spot Ether ETF
What are the Chances this Spot ETH ETF Actually Gets Approved?
VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Cathie Wood’s ARK, VanEck File for First U.S. Ether Spot ETF
Cathy Wood's ARK Invest Files for First Spot Ether ETF
ARK Invest Files For First Ethereum Spot ETF | Bitcoinist.com
ARK Invest and 21Shares file with SEC for spot ether ETF
ARK Invest Has Applied for Spot Ethereum ETF
ARK 21Shares files for Ethereum Spot ETF
What's Next For Bitcoin ETF? Cathie Wood, ARK Invest Weigh In
What's Next For Bitcoin ETFs? Cathie Wood, ARK Invest Experts Weigh In
Bitcoin ETF applications: Who is filing and when the SEC may decide
Multiple Spot ETFs approved in Q4'23 or Q1'24?
ARK Invest’s Cathie Wood bullish on Bitcoin and AI intersection
ARK Invest’s Cathie Wood Predicts $25 Trillion Crypto Market Valuation in 2030. Here’s the Catalyst
Ethereum ETF Frenzy Intensifies with 16 Applications – Could October Bring the Green Candles?"
ARK Invest and 21Shares jointly apply for ether and bitcoin futures ETFs
No decision on Grayscale's Bitcoin ETF today
ETFs May Account for 10% of Bitcoin Market Value If Approved, Bernstein Says. GLTA!!!
SEC's Sneaky Maneuver Will Delay ARK ETF Once More!
Mentions
>Maybe because all future tech and innovation stocks including crypto crashed during the bear market due to tightening money policeis. You should know this being in a crypto sub. You should know to read the article before speculating. They measured over 10 years and still had 14B in loses. It's not just a bad year. ARK literally sucks money into a black hole.
ARK Invest is bullish on Ethereum because of its strong fundamentals, particularly in decentralized finance (DeFi), and its potential to reshape various sectors with blockchain technology. ARK's confidence is based on Ethereum’s network effects, its growing user base, and its critical role in the ecosystem, from NFTs to smart contracts. As Ethereum advances in scalability and security, especially with updates like ETH 2.0, ARK sees it positioned for long-term value and adoption across decentralized applications.
tldr; ARK Invest analyst David Puell highlights three bullish indicators for Bitcoin, suggesting a potential breakout. He notes Bitcoin's bounce off its 200-day moving average and a bullish pattern on the daily timeframe. The Stablecoin Supply Ratio (SSR) indicates oversold conditions, enhancing Bitcoin's purchasing power. ARK's profitability index aligns with a bull market trend, and increasing global money supply (M2) could further boost Bitcoin. These factors suggest a positive outlook for Bitcoin's market performance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
There are custody providers like Anchorage Digital, ARK invest etc that have custody over investment companies BTC, the price of Bitcoin is decided on each separate CEX like Coinbase, Kraken etc most investment companies like Blackrock buy Bitcoin over the counter and it doesn't effect the price too much. Reserves on exchanges are at a all-time low ~2.7M BTC, so we can just wait on the pump to begin. A supply squeeze could even happen!
tldr; Staked Ether (stETH) is becoming a benchmark for the crypto economy, similar to the federal funds rate in traditional finance, according to ARK Invest. The yield on staked ether is influencing the crypto financial ecosystem, as projects must offer higher returns to compete. Staked ether is being used extensively in DeFi protocols, with its yield acting as a gauge for smart contract activity. The asset is compared to sovereign bonds, offering unique benefits and risks, and is reshaping how the crypto economy operates. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This deserves a more thorough reply! > I think you're talking using a "free banking" approach to this topic while my approach is more of a "scalability of ownership". If you mean on-chain ownership, it certainly will not scale. > we need change to Bitcoin to actually solve this problem I don't think so. I also think that if we "need to change Bitcoin" for it to do xyz, then its not going to do xyz. The moment we find some mechanism to force hard-forks into the protocol it will cease to be interesting to me because those same forces are going to cause people to think we need to change the supply one day, because of whatever crisis or another, and the entire bet (in my view) is that these changes will be impossible irrespective of the crisis. > This is what LSPs do, but they have to open and close channels constantly and pass on the costs of the on-chain operations tot the user, ARK is a better approach to this problem than Lightning will ever be, but to be as good as self custody we need Covenants so the users don't have to sign constantly just to prevent their funds from being taken. Lightning is fine... but its not a panacea. Probably most end-users will not transact via lightning. Here is the key difference for Bitcoin in my view. We could come up with a system, completely off-chain, where users who held their Bitcoin in custody could know exactly which address accounted for their holdings and could use some kind of ZK proofs to know that the total claims on some address didn't exceed its reserves and that the custodian had access to transact that address. The corollary with gold would be something like... assigning UUIDs to the atoms or something. And the corollary with dollars would be for them to each have a provably unique and globally auditable serial number and for there to be some mechanism to enforce a supply cap. Bitcoin, as it is, has all of the pieces necessary to fix money whether or not we decide to execute on that or not. Not everything has to be solved at the protocol layer (and every suggestion on how to do so that I've seen has some fatal flaw that the creator hasn't considered or has discounted as less important than their "fix").
Ok, we are not talking about the same thing here, although both your POV and mine on the topic are closely related. I think you're talking using a "free banking" approach to this topic while my approach is more of a "scalability of ownership". While you're correct in what you say, let me remind you of FTX, Celsius, BlockFi and many more cases that had Bitcoin in the name of their users, but they actually didn't, my point is that we need change to Bitcoin to actually solve this problem, instead of relaying on the free market doing its thing and expecting a different result this time we can solve it directly and change the definition of a bank from money warehouse, which can operate with less money that what they owe until they can't, to data relayer, which can't owe money since they can't hold nonexistent nor print IOUs, all they can do is transact in name of the users and pocket a fee for letting the users not have to use the chain which is slower and more expensive. This is what LSPs do, but they have to open and close channels constantly and pass on the costs of the on-chain operations tot the user, ARK is a better approach to this problem than Lightning will ever be, but to be as good as self custody we need Covenants so the users don't have to sign constantly just to prevent their funds from being taken.
that ARK investment prediction has already expired, try again next year.
I like bananas more than bitcoin too, but that’s what happens when so many of the crypto community are just grifters. Steal $8 trillion USD from your own customers and what do you think is going to happen? Is bitcoin actually going to go up? I’m sure those who have no attention span or memory will buy some, but there’s only so many people you can burn before their added participation will no longer happen. Even if they play close to the belt an only have the 2 primes (bitcoin, ETH) they still get fucked by supposedly massive corporations… I think there’s a reckoning on the way because as it stands bitcoin was “supposed” to start spiking months ago, but thw buying pressure is gone and only being supported by maximalists (someone who will believe in a thing with cult like enthusiasm so they’ll keep buying regardless like SMC/ARK). Cathy Wood has been wrong about a ton of stuff and has a tendency to buy bad companies and sell them at a loss as well as buying good ones that she has sold at a loss as well. You either trust in something tangible whose value is supported by the global economy and the strongest economy on earth (the USD and it’s technologically advanced companies). Let the speculators fox with this nonsense. Are you still bullish if so many of the US population don’t play anymore? Because this environment feels way different and it’s almost like there’s a lead weight (we haven’t popped according to expectations) around Bitcoin since the major debacles of FTX and subsequent “crypto brokerages.”
Sent by you: The quotes below demonstrate the growing acceptance and recognition of Bitcoin's potential by leading figures in the establishment financial industry. I doubt they'd be saying these things, if with all their sophisticated analysis were not privy to, if BTC was going to zero. It's not just us small fry plebs putting faith into monetary system governed by mathematical code rather than by corrupt politburo-like central bank committees. - Larry Fink, CEO of BlackRock: "Bitcoin is an international asset that can transcend borders and provide a hedge against inflation" - Cathie Wood, CEO of ARK Invest: "Bitcoin's decentralized nature and scarcity make it a valuable asset in any investment portfolio" - Peter Thiel, Co-founder of PayPal and Palantir: "If Bitcoin ends up being the cyber equivalent of gold, it has great potential left"
This was ARK 3 years ago
why ARK?...wasn't a dead token/project?
tldr; The United States spot Bitcoin exchange-traded funds (ETFs) saw inflows of over $1.1 billion this week, marking the largest since mid-July. The peak day was September 27, with $494.4 million in inflows. Leading the inflows were BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, and Fidelity’s Wise Origin Bitcoin Fund. The total inflow for all 11 spot ETFs since inception is now $18.8 billion. This surge follows a Federal Reserve interest rate cut, with Bitcoin prices rising 13.8% since then. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Bitcoin ETFs in the U.S. have seen nearly $500 million in inflows over five days, with BlackRock's IBIT leading with $98.9 million. Despite some outflows from Fidelity's FBTC and ARK 21Shares' ARKB, the overall trend remains positive. Meanwhile, Ether ETFs also recorded inflows for the second day, with Grayscale Bitcoin Mini Trust receiving $26.6 million. Trading volumes for both Bitcoin and Ether ETFs have decreased slightly, but the inflow trend continues to show investor interest. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Covenants are not a scaling solution per se, but a primitive for Bitcoin Script, the Scripting language of Bitcoin, all they do is add a new type of restriction to Bitcoin transaction that developers can use when making Bitcoin Smart Contracts (in the real sense of the term, not the mEth term, which is pure marketing), they allow for non-interactive channels, channel factories and a whole lot of schemes that allow Lightning to scale ownership, which is something Lightning doesn't scale today, it only scales TPS, which is not ownership per se, ownsership and TPS scale together only on blockchains and Lightning is not a blockchain. But to put it simply, Covenants would allow sidechains to be completely trustless instead of federated systems, Lightning to have shared channels, maybe even eliminate the liquidity constraints altogether, they would allow for ARK, and cordinatorless coinjoins, all these things have already been proved to be work as they are sold in testnet, the Liquid sidechain and even other chains which also use an UTXO model. So my main reason to want covenants (and why all devs also want covenants) is because they allow us to scale without having to compromise the integrity of the chain on things that are more critical such as blockspace and the fee market.
Those numbers are pretty eye-opening. It's interesting to see how certain funds like Fidelity and ARK are taking a lead. It's like they really know how to catch the wave before it breaks. I wonder what this kind of inflow means for more casual investors looking to jump in.
In case anyone is curious: * Largest single day inflow since July is $263 million * Fidelitys Bitcoin fund led with $102 million in inflows * FBTC weekly inflows is $218 million * ARK Invest’s Bitcoin fund got $99 million in inflows * Zero flows for BlackRocks iShares and WisdomTree * Total weekly inflows into US BTC ETFs is above $400 million
tldr; US Bitcoin ETFs experienced their largest single-day inflow since late July, with over $263 million invested in one day. This surge in investment coincided with a significant increase in Bitcoin's price, which climbed past $60,000. The inflow was led by Fidelity’s Bitcoin (FBTC) and ARK Invest/21Shares’ Bitcoin Fund (ARKB), among others. The overall crypto market also saw gains, with Bitcoin reaching $60,200 and Ethereum up 8% to $2,400. The positive market sentiment is partly attributed to anticipation of a Federal Reserve interest rate cut. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Bitcoin has regained momentum, surpassing the $60,000 mark, sparking discussions about the start of a bull run. The market has seen significant inflows of BTC, with institutional interest from entities like Fidelity, Bitwise, ARK Invest, and Grayscale contributing to a total inflow of $263 million in a single day. MicroStrategy continues to be a major corporate holder of Bitcoin, adding to the positive sentiment. The upcoming Federal Open Market Committee (FOMC) meeting and potential rate cuts are also key factors influencing Bitcoin's price movement. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I agree, but for most people I think the most valid and productive usage of the spot ETFs is within a tax advantaged account where one would otherwise be unable to hold bitcoin inside their retirement account for example. Fidelity is the custodian of their own bitcoin and just recently a bank decided to step in to be the custodian for ARK's etf, so eventually it might even be common practice to have your credit union or bank hold bitcoin on your behalf as part of your checkings/savings accounts. I know your arguments about controlling the keys and self-custody apply to that situation too, but it might be part of the inevitable path towards widespread adoption of BTC by banks, companies, and the general public
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-bitcoin-2050-valuation-scenarios-global-medium-of-exchange-and-reserve-asset/ Summary of above https://decrypt.co/241663/bitcoin-price-52-million-by-2050-vaneck?amp=1 https://www.cointribune.com/en/bitcoin-at-52-million-dollars-vaneck-reveals-its-scenarios/ ARK https://www.ark-invest.com/articles/analyst-research/valuing-bitcoin/ https://assets.arkinvest.com/media-8e522a83-1b23-4d58-a202-792712f8d2d3/97d0532e-4077-49d6-82cc-892ae7d6eb37/The%20Bitcoin%20Monthly%20(March%202024)%201.pdf
tldr; U.S.-listed spot Bitcoin ETFs experienced a significant outflow of $287.8 million in a single day, marking the largest daily outflow in four months. This event occurred amidst concerns over economic growth and a sell-off in Nvidia, affecting market sentiment. Fidelity's FBTC led the outflows, followed by Grayscale's GBTC, BITB, and ARK. The outflow coincided with a drop in Bitcoin's price and broader market concerns following disappointing U.S. manufacturing data. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
yuuuuuuuup. everyone has a bag or two from their first bull run that ain’t never became shit. y’all are probably to new to even remember ARK, OMG, REQ
people who bought at $15K, selling for +300% is an incredible deal for just about a year and few months people who bought $20K for +200% people who bought at $30K for +100% etc. that's all just in the last year, and you've got 15 years of history of buying you can also check the news, like yesterday there was a $100M sale of ARK bitcoin
tldr; BlackRock's Bitcoin ETF experienced its first outflow in nearly four months, with a $13.5 million withdrawal amid market volatility. This marks a rare occurrence since its launch in January, contrasting with the ARK 21Shares Bitcoin ETF which saw a $5.3 million inflow. The outflows from Bitcoin ETFs, including BlackRock's, come as Bitcoin's price dropped 7.5% this week, testing the ETF's average cost basis for the fourth time. The ETF holds about 340,855 BTC, making it the third-largest global holder. This movement reflects investors' cautious positioning ahead of September, historically Bitcoin's worst-performing month. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Kraken OTC desk, or just call Blackrock or Fidelity or ARK or all of them.
ARK sold 102million dollar in ARKB Btc ETF.
ARK sold 102 million share of ARKB Btc ETF
tldr; US spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), have experienced six consecutive days of inflows, totaling over $250 million this week. BlackRock's IBIT led with $75 million in new capital. Other funds like Fidelity’s Bitcoin fund and ARK Invest/21Shares’s Bitcoin ETF also saw inflows, while Grayscale’s Bitcoin Trust faced outflows. BlackRock's aggressive Bitcoin acquisitions have made it the third-largest holder worldwide, attracting significant institutional interest from firms like Morgan Stanley and Goldman Sachs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
After the market closed today, Goldman Sachs filed a 13F disclosing the following positions as of June 30: $238.6 million iShares Bitcoin Trust (6,991,248 shares) $79.5 million Fidelity Bitcoin ETF (1,516,302 shares) $35.1 million Grayscale BTC (660,183 shares) $56.1 million Invesco Galaxy Bitcoin (940,443 shares) $8.3 million Bitwise Bitcoin ETF (253,961 shares) $749,469 WisdomTree Bitcoin (11,773 shares) $299,900 ARK 21Shares Bitcoin ETF (5,000 shares) These are all new positions as of this quarter. Filing: https://www.sec.gov/edgar/search/#/q=Bitcoin&dateRange=custom&entityName=Goldman&startdt=2024-08-13&enddt=2024-08-13
Kathy the new loser, Nvidia she was out before the crazy win, ARK is going down
tldr; Cathie Wood's ARK Invest sold $14.8 million worth of Coinbase (COIN) shares on Thursday, marking its largest single-day sale since May 7. This sale occurred ahead of Coinbase's second-quarter earnings report. The sale was significant, as ARK sold more Coinbase shares in one day than it did in the previous two months combined, with $2.88 million sold in June and $7.93 million in July. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yes, but they are more like coinjoin coordinators than channel providers, also they are not custodians nor federations, they use very clever Bitcoin Script tricks such as connectors, which are like the contrary to a covenant, while a covenant is a very specific spending condition a connector is a very specific receiving condition. Only thing with ARK is that it needs covenants to realize its whole potential.
I wrote under .3%. Most BTC ETFs are under 0.3% this is correct. A few are above, but that's your own choice I guess. * **ARK 21Shares Bitcoin ETF (ARKB)** * Expense Ratio: 0.21% * Fee Waiver: No fees for the first 6 months or first $1 billion of inflows * **Bitwise Bitcoin ETF (BITB)** * Expense Ratio: 0.20% * Fee Waiver: No fees for the first 6 months or first $5 billion of inflows * **Blackrock iShares Bitcoin Trust (IBIT)** * Expense Ratio: 0.25% * Fee Waiver: 0.12% for the first 6 months or first $5 billion of inflows * **Franklin Bitcoin ETF (EZBC)** * Expense Ratio: 0.19% * Fee Waiver: No fees for the first $10 billion of inflows * **Fidelity Wise Origin Bitcoin Trust (FBTC)** * Expense Ratio: 0.39% * **Grayscale Bitcoin Trust (GBTC)** * Expense Ratio: 1.50% * **Hashdex Bitcoin ETF (DEFI)** * Expense Ratio: 0.90% * **Invesco Galaxy Bitcoin ETF (BTCO)** * Expense Ratio: 0.39% * Fee Waiver: No fees for the first 6 months or first $5 billion of inflows * **VanEck Bitcoin Trust (HODL)** * Expense Ratio: 0.21% * **Valkyrie Bitcoin Fund (BRRR)** * Expense Ratio: 0.49% * **WisdomTree Bitcoin Fund (BTCW)** * Expense Ratio: 0.30%
That's not what is happening. If it is then they have hedged against liquidation so they would offset the loses in the other direction. Big sells at specific price points are typically winners taking profits. Take ARK investments for example. Their portfolio REQUIRES them to sell a portion of any asset they invest in once it breaks a 15% increase. This could mean liquidating hundreds of millions.
tldr; The State of Michigan Retirement System has invested nearly $6.6 million in the ARK 21Shares Bitcoin ETF, according to a 13-F filing with the SEC. This purchase makes Michigan the third pension to report owning a BTC ETF. The ARK 21Shares’ BTC ETF, trading at $68.04, has $3.241 billion in total assets, making it the fourth-largest BTC ETF on the market. The State of Michigan Retirement System manages $19.42 billion in assets. This move follows the State of Wisconsin Investment Board's investment in Bitcoin Trusts. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Imagine buying anything ARK related
tldr; Michigan's retirement system has invested $6.6 million in Bitcoin through the ARK 21Shares' ARKB spot BTC exchange-traded fund (ETF), as revealed in a 13-F Form filed with the SEC. This investment represents 0.004% of the $143.9 billion in assets under management of Michigan’s pension fund as of December 2023. Michigan joins other pension funds, including Wisconsin's SWIB, in adding Bitcoin exposure to their portfolios. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; On July 15, 2024, the Bitcoin Spot ETF recorded a net inflow of $301M, marking 7 consecutive days of positive net inflows. Notably, the ARK 21Shares Bitcoin ETF saw an inflow over $100M for the first time in 27 days, and BlackRock's iShares Bitcoin Trust experienced a significant inflow of $117M. The Grayscale Bitcoin Trust had a net flow of $0 after a day of inflow. The cumulative total net inflow for 10 US Bitcoin ETFs reached a new all-time high of $16.11B after 127 trading days. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
> I agree but to counter point, these big institutions just got the greenlight to invest. They aren't about to take the L like retail traders would. First, Cathy Wood's ARK Invest isn't a big institution. Second, these it's always the retail investors who take the loss. People like Cathy will always make money through large fees. > U.S.-listed exchange-traded funds (ETFs) managed by Ark Investment Management have wiped out a total of $14.3 billion in shareholder value over the 10 years ended Dec. 31, 2023, according to a report by Morningstar Inc. That is more than double the estimated total losses incurred by each of the next four fund families on Morningstar's list. Morningstar calculated total losses by measuring the decline in assets in dollar terms, after excluding inflows or outflows. I used to like Cathy back n 2015-17 when she had the first ETF to hold Bitcoin. Over the years she's slowly lost the thread.
ARK Invest’s estimate for 2030 is $1.5M+
LOL wtf does she know? Her ARK etfs are some of the worst performing piles of dog shit on the market. She's an overrated hack. I do agree with her here though but that's beside the point. She's not some authority on ANY of this stuff.
What makes her brilliant? That she got lucky with a fund once and has now been eating shit in a bull market? ARK is the third highest wealth destroying ETF over the last decade.
I commented about the graveyard of shitcoins that supported Python and other programming languages when Algo Governors were cheerleading bullshit hype that ALGO was the first project to support Python. ALGO is down ~50% since then. - NXT relevant from 2013 to 2017, once #3 or #4 in marketcap, was the first pure Proof of Stake Blockchain which used Java. Dead. - Stratis relevant from 2016 to 2017, once #8 in marketcap, supported C# and had a Python SDK. Dead - NEO relevant from 2017 to 2019, once #5 in marketpcap, supports Java, C#, Python, Javascript. Dead - EOS relevant from 2017 to 2019, once #7 in marketcap supported building apps with C++. Dead - ICON relevant from 2018 to 2019, top #20 marketcap supported building apps with an Python SDK and a Javascript SDK. Dead - ARK another hyped shitcoin from 2017 to 2019. Supported Java and Python. Dead. - Kommodo another hyped shitcoin from 2017 to 2019. Supported Rust and Python. Dead https://np.reddit.com/r/CryptoCurrency/comments/1bp74fp/algorand_becomes_first_layer1_blockchain_to_use/
She makes bank off the ludicrous ARK fees. Charging people to lose them money.
The S&P 3-year return is +27%. Cathie Wood's ARK 3-year return is -28%. The only time she has done well was during a speculative bubble that occurred during the Trump administration. Her long-term history as an investor is horrible. It's no wonder that she dreams of going back to the one time she got lucky. Every other investor has done great in the last three years. She's just really bad at her job.
In the past week alone: - SOL ETF application mania started with applications from VanEck, ARK + 21 Shares - Worldcoin expands to Solana - $60M Fund to Accelerate Solana Startups - SOL Stablecoin Supply increasing - Pantera Capital calls Solana the Mac OS of Blockchains - Accelerating crypto distribution through Blinks - Sanctum Profiles to allow anyone to launch LSTs - Jupiter ships V3 and is openly suggesting token supply cuts - Perp DEX Volumes reaching new highs - WBTC live on Solana through Wormhole - Pumpdotfun flipped SOL in 24h revenue - ZK compression on Solana, meaning onchain state to get 10,000x scale improvements and Solana is 1 step closer to building The Financial Computer On top of that, Solana DEX volume continues to flip Ethereum in virtually every metric... TPS, # of transactions, DEX volume, NFT volume, etc. Second validator client coming in September by Jump Crypto, that'll put to rest "outage" FUD and also catapult TPS to potentially consistently 10s of thousands of transactions per second (currently does 800 - 900 non-vote TPS). Ppl going to keep capitulating to Solana and haters will regret not having an open mind.
ARK is abandoning their ETH ETF and going 100% for SOL ETF. Cathie Wood is smart
Not really. There was such a race to near-zero fees that many of them aren't doing well. 21shares and ARK invest split apart afterwards because profit from fees was too low.
Yes, they are the same ones [AMA - ARK | 21Shares](https://np.reddit.com/r/CryptoCurrency/comments/1bpfavw/ama_ark_21shares/)
**JUST IN:** ARK 21Shares officially files for spot Solana ETF.
Cathy Wood has lost most of her credibility in my opinion. I'm all for Bitcoin, but I can't take her seriously anymore. Almost every ARK ETF is down over 50% from the ATH.
tldr; Former President Donald Trump is reportedly in discussions to appear at the Bitcoin 2024 convention in Nashville, which could significantly impact the cryptocurrency industry. This move aligns with his recent self-description as the 'crypto president' during a San Francisco fundraiser, where he raised $12 million and criticized Democratic efforts to regulate the cryptocurrency industry. Other notable speakers expected at the convention include Robert F. Kennedy Jr., Vivek Ramaswamy, Senators Bill Hagerty and Marsha Blackburn, ARK Invest CEO Cathie Wood, and MicroStrategy co-founder Michael Saylor. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Her stock picks have already driven away half her customers. 😆 They've driven away half her clients' money. ARK's 3-yr performance is down 63% while the S&P is up 25%.
The problem is that if only custodians are able to use the Bitcoin base layer, then we lose its more important properties: censorship resistance and unconfiscability. Of course, not everyone will use Bitcoin non-custodially, but the more people use Bitcoin, the worse the on-chain experience gets and the more money you'll have to push into custodial solutions (keep in mind that your 1M sats UTXOs might be the total fees for any transaction in a not so distant future). So we need changes in Bitcoin so this doesn't happen, and so L2s can be as easy as custodial solutions without them being custodial (for example what ARK wants to achieve with covenants and other op_codes).
People think meme coins attract dumb money Algorand may have the the dumbest investors in crypto. A couple of months ago there was a lot of spam threads marketing Algorand as the first shitcoin to have Python. I commented that dozens of now dead shitcoins like NXT, Stratis, NEO, ARK, Kommodo, etc all had Python. Bagholders said ALGO was undervalued and the era of price tanking was over with ALGO at $0.28 > Algorand is extremely undervalued because of terrible price action during the last three years as billions of coins entered the circulation. That era is over. https://np.reddit.com/r/CryptoCurrency/comments/1bp74fp/algorand_becomes_first_layer1_blockchain_to_use/kwucwtk/ Today ALGO is $0.14 and if you go back and the ALGO bagholder is in denial and has come up with conspiracy theories that some whales are suppressing ALGO prices > Almost no one sells. Check the exchanges' hot wallets. Despite the foundation selling MMs still need to borrow Algo to push the price down and keep Algo at its current 67th place. A big accumulation is happening too. Well, they want to shake out all weak hands, buy low and once the macro and news are good enough pump it up hard. https://np.reddit.com/r/algorand/comments/1dfdhy0/algorand_algo_price_recovery_looks_bleak_as/l8ifty3/ Nothing has changed since 2017. People are still falling for the same meme tech shitcoin scams and when they feel the slow and eternal rugpull, they come up with conspiracy theories about price suppression bullshit. Algorand investors now take the cake on crypto idiocy.
I personally have had bad returns across all ARK funds. They suck and each day seem to be red. Not that it matters but for that I don’t trust them with a Bitcoin ETF.
I notice how both of you are talking about ARKK.. I was in both ARKW and ARKK, as I said. ARKW has been amazing. I agree, that ARKK was not strong, but s&p500 did not beat ARKW over the last 10 years. Over the past 10 years, the performance of the ARKW ETF (ARK Next Generation Internet ETF) and the S&P 500 have shown distinct differences, particularly in their growth trajectories and volatility. ### ARKW ETF: - **Total Return**: Since its inception in 2014, ARKW has experienced significant fluctuations. As of April 2024, its total return is approximately 183.26%. - **Annualized Return**: Over the last 10 years, the annualized return of ARKW stands at around 10.86% [[❞]](https://www.lazyportfolioetf.com/etf/ark-next-generation-internet-etf-arkw/) [[❞]](https://ycharts.com/companies/ARKW). - **Volatility**: ARKW has been quite volatile, with a standard deviation of around 41.88% over the past 5 years. This indicates higher risk and potential for both significant gains and losses [[❞]](https://www.lazyportfolioetf.com/etf/ark-next-generation-internet-etf-arkw/). ### S&P 500: - **Total Return**: As of April 2024, the 10-year total return for the S&P 500 is approximately 167.3% [[❞]](https://ycharts.com/indicators/sp_500_10_year_return). - **Annualized Return**: The annualized return for the S&P 500 over the same period is about 10.4% [[❞]](https://www.barchart.com/stocks/quotes/$SPX/performance). - **Volatility**: The S&P 500 has shown more stable growth with lower volatility compared to ARKW, making it a safer investment for risk-averse investors. ### Comparison: - **Growth Potential**: ARKW has a higher growth potential during tech bull markets, driven by its focus on next-generation internet technologies. However, this comes with greater risk and volatility. - **Stability**: The S&P 500 provides more consistent and stable returns, benefiting from diversification across multiple sectors. This makes it a more conservative choice for long-term investors. In summary, ARKW offers the possibility of higher returns but with greater risk, while the S&P 500 presents a more stable investment with steady growth over the long term. Your choice between these two should align with your risk tolerance and investment goals.
The S&P500 over-performed or tied ARKK 9 out of the past 10 years. So you're saying if we only had perfect timing, we'd be fine investing with ARK? Gotcha.
You also forgot that we have Lightning, Liquid (not a layer 2 but a sidcehain), ARK, Mercury Layer, Rootstock, BitVM bridges, Hedgehog and many other things that are in development right now. And also you forgot that lack of usage and scalability are not the same thing, other blockchains will run into the same problems as BTC with enough users, many, such as Ethereum already suffer from those problems. TPS is not the ultimate measure of how good a network is.
Tell me. How are you measuring that pressure? The outstanding unmined coin is 6.1% of the total circulation. Against which currency is your model that indicates “downward price” denominated? Dollars? Ok, assuming dollars, the dollar inflation at current rates would reduce the downward drag by at least half. Call it 3% What counters that pressure? Well the first countervailing pressure is the Bitcoin to dollar ratio. It goes like this. There are 2.3 trillion in dollar NOTES in circulation. There will never be more than 21 million BTC. At that level of circulation volume the ratio of Bitcoin to Dollar is: 1 Bitcoin :109,523 Dollars. That indicates UPWARD pressure in the range of 40%. This very simple model actually indicates an UPWARD pressure of around AT LEAST 37%. I say at least because another consideration is the market capital flow from dollar delimitated instruments. There is $50 trillion in the NASDAQ and NYSE alone. If as Blackrock, ARK Invest, Fidelity and so many other investment funds expect, 10% of market cap moves to hedge using Bitcoin that’s a conservative bet that $5 trillion dollars will flow into Bitcoin FROM JUST TWO SOURCES - NASDAQ AND NYSE assets. $5 trillion is a conservative asset shift prediction compared to the total dollar delimitated assets AT RISK from inflation. However, today Bitcoin market cap is only $1.3 trillion. Does your model consider that there will very likely be 3.9 times $67,000 chasing every one of those 21 million bitcoin? If your model does recognize and consider these facts how does it mathematically predict 3% downward pressure from newly mined coin will matter in the slightest?
It can still get approved for an etf even if a security. Only issue is staked ETH and staking rewards in an etf but ARK pulled this last week in an appended filing. It’s p clear staked ETH ETF is a ways off, but regular just spot ETH being held isn’t out of the question. I’m long either way hehe
So basically you invested in ARK ETFs and lost money and now they are clowns. LOL
tldr; Over 1500 investment firms disclosed ownership of approximately $10.6 billion in Bitcoin ETFs, with Millennium Management leading with $1.97 billion in holdings. These ETFs, including Grayscale Bitcoin Trust, BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF, are attracting significant institutional interest. Other top holders include Susquehanna International Group and Bracebridge Capital. The trend indicates a historic surge in institutional investment in Bitcoin ETFs, with potential for further growth as institutional engagement deepens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I got some more ARK close to it's ATL and just use it for gaining daily staking payouts. The actual APY is pretty good, custody stays with me and the staked coins are always ready to move.
🇺🇸 $26 billion AUM Bracebridge Capital disclosed the following positions: $307,157,432 ARK Bitcoin ETF (4,327,380 shares) $100,638,773 BlackRock Bitcoin ETF (2,486,750 shares) $26,525,715 Grayscale BTC (419,910 shares) https://twitter.com/macroscope17/status/1789042149775843609?s=46&t=ihVglVXC0BQSbw6j57EoaA
The breakdown of the Hightower investments is as follows: Grayscale BTC: $44,838,000 for 709,956 shares Fidelity Bitcoin ETF: $12,410,000 for 200,084 shares BlackRock Bitcoin ETF: $7,621,000 for 188,397 shares ARK Bitcoin ETF: $1,702,000 for 23,964 shares Bitwise Bitcoin ETF: $988,000 for 25,449 shares Franklin Templeton Bitcoin ETF: $788,000 for 19,129 shares
HighTower 13F today discloses the following positions: Grayscale BTC: $44,838,000 (709,956 shares) Fidelity Bitcoin ETF: $12,410,000 (200,084 shares) BlackRock Bitcoin ETF: $7,621,000 (188,397 shares) ARK Bitcoin ETF: $1,702,000 (23,964 shares) Bitwise Bitcoin ETF: $988,000 (25,449 shares) Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares) Hightower Advisors, Barron's ranked it as No. 2 on its Top 100 Registered investment adviser (RIA) Firms list https://twitter.com/macroscope17/status/1787583488364879963?s=46&t=ihVglVXC0BQSbw6j57EoaA
You have no idea what you're talking about 🤦🏼♀️ There was no difference between BTC applications other than fees and custodians (eh ARK). With ETH is the whole different ball game, some wants to stake it for example. But I doubt you read any of those, parroting twitter posts is easier, right? Odds are ETF is coming, but in 2025 (after Dems lose presidency). And check my crypto-related posts from the previous cycle, maybe you'll learn something, eg how to make it.
ARK and VanEck are getting rejected this week, not BlackRock.
tldr; The SEC is likely to reject applications for spot Ethereum ETFs, contrasting with its recent approval of spot Bitcoin ETFs. Recent discussions between the SEC and ETF issuers have been less substantive, indicating a probable denial. Concerns about the quality and depth of market data on Ethereum may be a factor. The SEC's decision on VanEck's and ARK's Ethereum ETF filings is expected by May 23 and 24, respectively. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
That's a very realistic opinion. I've been buying BTC since 2017 and have been forced to relinquish most of my idealistic views over the years. As you say, IRL, reality supersedes all. There are always ways for those with the "faculties of men" (Anti-Federalist Papers) to exploit the good works of others for profit. Do you have any other thoughts on the future? I believe that the Fed's monetary policy of keeping neutral rates during this election year have stifled the upper momentum and the halving will suffer a little because of this. Additionally, hedge funds issuing ETFs (like ARK, for example) hurt the price and acceptance of BTC when they suddenly liquidate their BTC positions to cover losses and make clients whole in their FIAT gambles. Both of these things continue to prevent BTC from performing better, keeping the FUD in retail investors and thus preventing them from entering the market. I'm always amazed at the number of people who still think it's a scam or just don't know anything about it. I wonder if this is a conspiracy of sorts enacted by Wall Street so they can continue to buy up BTC at a lower price. Either way, I'm bullish.
Hey I just wana say congrats especially since the etf where approved , and now all these to big to fail companies having purchased bitcoin shares like grayscale bitcoin trust , iShare Bitcoin trust registered, Fidelity wise origin bitcoin fund , ARK 21Shares Bitcoin ETF’s , Bitwise Bitcoin Etf Trust … the list goes on , they’ve made it impossible for regular ppl like us to afford a Bitcoin which is another way American’s are trying to control the American ppl by keeping the poor and letting the rich get richer which is sad 😞 but also true. But who am . That’s just my personal opinion but like I said I just wana say congrats and keep it up !
Her funds are failing because she is an idiot who gets most of her financial advice from Jesus. Yes, she has said that. My point isn't to say she is good or anything. My point is that most people don't care, and they listen. That is how she got all that ARK money in the first place. Thus, if people listen, they will buy. And if people buy, the price goes up. And if the price goes up, I can sell to take profits and wait for the dip to rinse and repeat. I don't like steady upward gains. I like disproportionately dramatic swings up, followed by violent and terrifying dives for the floor. Ideally, at least once a week would be great. I trade, I don't hold.
In other news ISLV had inflow as silver wnet up. LEARN what single issue ETPs do and it makes sense. (I bought and sold ARK B and FBTC a dozen times this month. They flow with the market.)
Huge outflows from ARK today. Guessing that there's some lost confidence in Cathie Woods and traders risk averse to the risk of her fund going bankrupt because they just took huge losses on their Tesla position today.
ARK with huge outflow of -87M. I guess we're going lower, gents
Moon week got moved for Cathie Wood. Hopefully it will be worth it to get an ARK RCC ETF, filled with Moons and other Reddit Community Coins.