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
I'm sad to say I swapped my ARK for BTC to bring the ARK back to break even. It's working. Thanks for nothing Cathie Jesus.
Fuck this bitch and her ARK portfolios
I really like Preston, but I’ll never forget him endorsing one of the ARK ETFs and then it plunging like 3 days later and never recovering. Lyn Alden is my favorite Bitcoin person.
My plan is to read Reddit daily and insult the impure who buy ETFs, except the ARK products, they’re okay.
Ah yes, then when GBTC have finally finished single handedly keeping the price suppressed there will be another firm comes along with even cheaper fees than say ARK or Blackrock and thus the cycle repeats itself.
Not really. If you look at the numbers (apart from ARK), it's only single digit millions. This could be just 2 or 3 large clients.
Hold cold on chain all HODL long terms. All new (Bullmarket) activity in ETFs now. Taxable events, fees and spreads make moving actual coins on chain expensive, esp when ETH is your main bag. I buy when streets run red (think 1000 ETH, 18k BTC) The IRA protected, tax free motion has me dipping in and out of FBTC and ARK like a freaking Chi Town options trader slinging wheat contracts...just grab it 10% at a time and do it M-F 8 too 5. EZ money. Noo chain choke wen bull/bear OMG
Fellow fed here: Do both, TSP and open an IRA at the house of your choice. I like Fidelity and have ARK21 and FBTC in my IRA and Roth. TSP is a different very conservative animal. If your agency does topside match, max that shit. I am maxing both, just be careful not to max limit both IRA and the TSP or IRS may not let it all deduct that year...
OMG! So many hyped shitcoins from this era that went nowhere. QTUM, ELF, WAVES, ARK, DENT (how does this still exist?), SNT, CVC, LOOM, ARDR… anything ranked 300+ that used to be top 50 is pretty much dead.
She's unhinged sometimes. I'm guessing the same will happen to ARK funds in a years time too..?
It also includes the bitcoin sold by new etfs, lol For example ARK sold boatloads of BITO and GBTC.
Yeah, the ARK ETFs were ultra high-risk. Everyone knows that. The S&P 500 is not high-risk. It’s literally the lowest risk you can imagine aside from treasury bonds. The NASDAQ 100 is not that different. Crypto is pumping because of the bitcoin having, but risky tech stocks are not quite there yet. And no, Tesla is not risky.
The market went down ... and then came back up. ARK ETFs are still dogshit. Not sure if you noticed the S&P 500, and QQQ hitting new ATH recently. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=2sQQnKAbs5EorTOwNytlde
I bought all the ARK stocks 3 years ago and am down a collective -60% - this is her collective experience wrapped into a few ETFs and it’s abysmal
Amazing and very informative presentation, thank you so much for these!! Much appreciated ☺️🙏 It would be interesting to create also the same assuming that we may not surpass 100k or 120k and after that we see the norm of each cycle (80% short) . If we assume that we may have a chance to buy back at 25k after a few months or during 2025 we could combine the projections from ARK investment, MicroStrategy and Fidelity to create an average high of the next 5 or 10 years. Assuming again that your thesis rhymes, the returns could be mind-blowing, taking account also that the traditional markets and commodities have grown significantly as well in terms of market cap. But first we have to test that hypothesis with your previous data.
Converting Greyscale to a low fee BTC ETF. They lost their ass to BLK, Fidelity and ARK. Couldn't happen to a bigger better bag of dicks (Grayscale world)
1. Franklin Bitcoin ETF (Until Aug. 2 or $10 Billion) 2. Bitwise Bitcoin ETP Trust (For 6 Months or $1 Billion) 3. ARK 21Shares Bitcoin ETF (For 6 Months or $1 Billion) 4. Fidelity Wise Origin Bitcoin Trust (Until July 31) 5. Valkyrie Bitcoin Fund (For 3 Months) 6. Invesco Galaxy Bitcoin ETF (For 6 Months or $5 Billion) 7. Wisdomtree Bitcoin Trust (For 6 Months or $1 Billion) 8. iShares Bitcoin Trust (For 12 Months or $5 Billion) VanEck Bitcoin Trust and Grayscale Bitcoin Trust were the only 2 that didn't waiver any fees. So instead of revolutionary, VanEck is late to the game.
tldr; Bitcoin's price reaching $71,000 is seen as just the beginning of the bull market, equivalent to the $20,000 mark of the previous cycle, according to analyst Willy Woo. Despite this milestone, Woo and others believe the bull cycle is only starting, with potential for significant growth. Analysts predict an accelerated cycle and even higher price targets, with Cathie Wood of ARK Invest suggesting a long-term target above $1 million. These analyses are based on various metrics and technical indicators, including investor behavior and the Bitcoin Macro Index. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Her mutual fund ARK lost more money than any other mutual fund in history. She’s #1 in wealth destruction. I wouldn’t tie my horse to her wagon. The fact that she and I are both bullish on Bitcoin is pure coincidence.
I think she conceptually nails where innovation is going. I remember buying into Tesla because of her thesis and I think it still holds true today, even though it's in a current slump. She seems to rationalize her POV on these assets very well. I think a lot of people look at her as a hype machine to fuel her funds and maybe there is some truth to that, but I also dont disagree on her individual thesis for ARK's picks.
I do not believe SIPC would cover hacking or theft of Bitcoin. According to the ARK S-1 >The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. In addition, neither the Trust nor the Sponsor insure the Trust’s bitcoin.
Nasdaq is currently at ATH and ARK is still down
I invested in her ARK technology fund. Currently down 45%. She’s amazing in bull markets like the rest of ua
Ark funds literally lose money in a full on bull market. She got lucky with Tesla, that is all. ARK has Tesla as their one and only win. If you put your money in Nasdaq or Spy instead of ARK you'd be up more than 150%. ARK isn't even the Cramer of wall street, they are way worse.
tldr; Cathie Wood, CEO of ARK Invest, predicts Bitcoin (BTC) will surpass $1 million before 2030, citing increased institutional involvement and the impact of the U.S.'s first spot exchange-traded funds (ETFs) as major factors. Wood's revised target exceeds the firm's previous $1 million prediction, attributing the adjustment to the SEC's approval of spot ETFs and anticipating further institutional adoption. Despite the current lack of major wirehouse approval for Bitcoin, Wood believes the price action seen so far is just the beginning, with institutional interest expected to more than double Bitcoin's incremental price target. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
So far she's nailed it with her ARK funds...
Here are some predictions for the price of Bitcoin in 2030 : - DigitalCoinPrice: $564,433.66 - Telegaon: $175,109.22 - Finder: $5,237,082 - Cathie Wood/ARK Invest: $1.5 million - Standard Chartered Bank: $200,000 - Me : 5 Million per coin
Cathie Wood's ARK Investments has done some analyses. Their best/middle/worst predictions are something like $1,500,00 / $700,000 / $400,000.
I think it is too soon to say. Of course ARK is going to say that, but as for me, I'll be more likely to trade in and out of the ETF than to sell any actual BTC on an exchange. Just makes sense to me...
Could be a much different pattern this time with the ETFs being a part of many different funds. If the fund wants 2% Bitcoin exposure, when BTC jumps the funds will have to sell off to rebalance the fund back to 2%. This is what ARK has been doing with Coinbase for example… seen comments about her being dumb selling Coinbase right before it goes up another 5-10%, but she needs to rebalance because she doesn’t want more than 1 asset making up more than 10% of her fund. Be interesting to see how this dynamic plays out
If given Moons, I will sell them so they will go up tremendously in price in typical ARK fashion
>All I can think is that sophisticated systems of escrow would have to be built to accommodate this Escrows are already part of Bitcoin. You might want to think outside the blockchain and see solutions like Lightning, ARK, Enigma, etc... And of course, think about this, customer protection is only offered when a bank is involved, but if you pay in cash, there's no customer protection, also, Bitcoin isn't incompatible with banks.
There is something called authorized participants (APs) who are responsible for purchasing the underlying asset (in this case BTC) for the ETFs. The APs are also responsible for creating additional ETF shares *with* the underlying asset they purchased in order to meet ETF share demand to ensure the ETF price tracks the underlying asset. JPMorgan, for example, is one of the AP's for either Blackrock or ARK's ETF. Likely, the APs hold extra BTC on their balance sheet in order to flex one way or another based on ETF trading so they can always make money. Very unlikely that an AP would be caught with their pants down needing to buy BTC en mass from the market in order to maintain ETF - BTC parity. In other words, when someone buys an ETF share, it does not mean that the APs go and buy BTC to reflect the person's ETF share purchase. Only when there is a shortage of shares, causing the ETFs to trade at a slight premium, do APs either use BTC they already hold to create additional ETF shares to align ETF price with BTC price, or purchase new BTC in order to create additional ETF shares to align the ETF price with BTC price. Better to look at general flows on a weekly level to understand the ETFs impact on BTC price. We did an episode on BTC ETFs recently: [https://open.spotify.com/episode/76VvEV2TDRumt7bmdlNAgv?si=6e7cbc77e133461c](https://open.spotify.com/episode/76VvEV2TDRumt7bmdlNAgv?si=6e7cbc77e133461c)
If you want to make some quick money, or are trying to time the market, it is definitely risky. If you want a long term investment, then the risk is close to 0%. By a long term investment I mean a minimum of 5 years. There is this research by ARK Invest you should check out that talks about this. The following article mentions it: https://www.thestreet.com/crypto/markets/ark-invest-bitcoin-price-can-hit-2-3-million-if-allocation-target-reached#:~:text=ARK%20Invest%20analysts%20also%20underscored,%2C”%20the%20report%20pointed%20out
Mine are through ARK and insured by SIPC
I prefer Bitwise and VanEck, but I think Fidelity and ARK are solid choices too. The 4 bps difference means virtually nothing to me. I'm looking for a sponsor who has the right perspective on Bitcoin and would likely come down on the 'right' side of any future fork or block size debate. I also appreciate their pledges to support Bitcoin development. And it's a bonus if I can contribute to 'decentralization' of sponsors and custodians. Everyone piling into Blackrock and Coinbase custody seems like an unnecessary concentration of risks.
If Bitwise has the lowest expense ratio (.20%) of all the ETF's why are most people choosing Blackrock or Fidelity? At least Fidelity (.25%) does there own self custody. But why choose Blackrock (.25%) when ARK (.21%) and Bitwise (.20%) are lower?
I had GBTC in my brokerage account and my IRA. When the Bitcoin ETFs were approved, I sold the GBTC in my IRA and bought various ETFs, ARK, Fidelity and a couple others because their fees are lower than GBTC. I did not sell the GBTC in my brokerage account because it would be taxable. From what I’ve gathered,Grayscale knows many won’t sell and get an ETF with lower fees because of the tax consequences. There were a lot of threads on this topic back when the SEC approved the Bitcoin ETFs.
tldr; 21Shares has integrated Chainlink Proof of Reserve to enhance the transparency of the Bitcoin reserves backing the ARK 21Shares Bitcoin ETF (ARKB). This integration allows for real-time, tamper-proof data on Bitcoin reserves, ensuring ARKB is fully backed by Bitcoin holdings. The ARKB, launched in January 2024 with over $1.58 billion in net assets, offers investors regulated access to Bitcoin without the complexities of direct trading or storage. The Proof of Reserve feed, pulling data from Coinbase, increases investor confidence by providing clear visibility into ARKB's Bitcoin reserves. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; 21Shares has integrated Chainlink Proof of Reserve to enhance the transparency of the Bitcoin reserves backing the ARK 21Shares Bitcoin ETF (ARKB). This integration allows for real-time, tamper-proof data on Bitcoin reserves, ensuring ARKB is fully backed by Bitcoin holdings. The ARKB, launched in January 2024 with over $1.58 billion in net assets, offers investors regulated access to Bitcoin without the complexities of direct trading or storage. The Proof of Reserve feed, pulling data from Coinbase, increases investor confidence by providing clear visibility into ARKB's Bitcoin reserves. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I’ll paste X/ARK investment’s answer to them: “…Excoriated and debunked by the X community, the ECB’s claims seem misinformed. In mid-2021, ARK responded to similar claims made by investment firms in a paper called “Debunking Common Bitcoin Myths.”xiii In our view, bitcoin offers the following value propositions: a. bitcoin is censorship resistant. Important to note, illicit transactions in 2023 constituted 0.34% of total crypto volume,xiv lower than the up to ~33%% dollars of cash estimatedxv by some experts,xvi or the 2% - 5% in money laundering estimatedxvii by the UN. b. bitcoin could become the first “global money.” According to monetary history, the most common and resilient monies possess qualities that sustain their demand. Often deemed “digital gold,” bitcoin shares and improves upon many of gold’s characteristics. Scarce and durable like gold, bitcoin also is divisible, verifiable, portable, and transferable in ways that offer owners more utility than gold. c. Bitcoin is secure because of proof-of-work, a mechanism that could become net positive for the environmentxviii as renewablesxix increasingly power bitcoin mining. As bitcoin’s adoption and valuation grow, detractors—perhaps those who would lose the most from its success—will continue to surface, despite its value propositions … or, perhaps, because of them? “
Actually not as crazy as you would think. Cathy Wood of ARK-Invest is hinting at these kind of numbers by 2030. [https://www.coindesk.com/business/2022/01/25/cathie-woods-ark-invest-predicts-bitcoin-could-exceed-1m-by-2030/](https://www.coindesk.com/business/2022/01/25/cathie-woods-ark-invest-predicts-bitcoin-could-exceed-1m-by-2030/)
ARK is not even charging fees for year one and it’s fairly reasonable after that. ETFs are legitimately enticing.
Yes, but all apps are incentivised to integrate Lightning by now, but it's understandable that some would wait to see what other implementations come up (such as ARK, etc). This to say whichever app you use is likely to add support if it hasn't already, just ensure it's one that gives you custody of your sats.
Those are all valid arguments, or at least, by themselves, they were years back. Not suggesting this is the best it's gonna get, it's not, but different Bitcoin social circles on the internet actually transact with BTC daily, with little friction to no friction already. You have your offline wallet, sure - It may/should even be a watch-only wallet. Then you have your pocket change, your sats. Lightning, ARK, upcoming fedimints, Liquid. Bitcoin is a layered stack protocol, so far, people have mainly just dealt with its first layer. Other layers exist, and they are evolving at a rapid pace. To rule out Bitcoin as a currency outright when Satoshi themselves outlined how its base layer was not built for that but upper-layers could do so without huge problem, is extremely shortsighted, especially when said layers have already been around and their acceptance level per person is only rising. The first such project (to my knowledge) was a DNS based service backed by Bitcoin's ledger. An experiment, but a successful one in figuring examples of what could and couldn't be done with just a little time spent on it (relatively speaking). For instance, if you find Bitcoin too valuable to spend, that's also a valid argument, but it shouldn't dictate the potential and limitations of a network, for everyone's and even your sake. Regarding transacting between your offline wallet and your online one does lead to other questions. Should you? Maybe you don't want to, so what are the options then? Options exist, and they will only broaden in number and efficiency.
Aside from potentially things like covenants etc, I think we don't want to see improvements to Bitcoin. We want to see the upper layers flourish. With Nostr clients integrating Bitcoin, it's created an amazing circular economy in just over a year of operations. Lightning doss its thing, and we have ARK to look forward to as well. Fedimints (likw what's being headed by Mutiny) also poise to provide a different solution with different trade-offs for scalability.
Lmao $ARK what a dumpster fire 😂
$ARK you heard it here first. next ai shit blowing up soon
First, are you trying to suggest there's a limited number of UTXOs? That's BS. If you mean management of UTXOs being a problem and making people LOSE money, yeah, absolutely, specifically for people who don't self-custody. Second, there's a real possibility that most people won't even need to interface with the timechain anyway - You can already buy sats without interfacing with layer 1 through Lightning and, soon, implementations such as ARK (which uses vTXOs).
> For some reason today's numbers say zero change except for Fidelity and ARK, which doesn't sound right, but they added almost 5000 BTC: Presidents day in the US is a public holiday.
> and I dont think tens of trillions of dollars are sitting there just waiting on etfs as the sole catalyst to get in. No one ever claimed "tens of trillions", but in 27 trading days somewhere between $4.5B and $5B has been purchased -- over 100,000 BTC, at prices ranging from $42,000 to $52,000 per BTC. For some reason today's numbers say zero change except for Fidelity and ARK, which doesn't sound right, but they added almost 5000 BTC: https://pbs.twimg.com/media/GGy-MMfaUAApJ6P?format=png&name=large
Lmao ARK??? Cathie Wood HAS NO IDEA WHATS GOING ON Fidelity and BlackRock will happily sell you GME. Why do they need to sell you good assets?
While mostly true they also decide the composition of their broader ETFs. So just like how ARK has started buying their own Bitcoin ETF using their tech focused ETFs and how Fidelity started adding their Bitcoin ETF to their all in one retirement ETFs in Canada, it’s possible for both BlackRock and Fidelity to do something similar in the US. Basically they can divert 1% of incoming funds to their broad investment ETFs into Bitcoin.
This is not entirely correct. BlackRock, Vanguard, ARK, State Street operate funds (ETF/MF) which invest CLIENT MONEY into thousands of companies including Coinbase. Blackrock doesn't own coinbase anymore than it owns Apple or the Bitcoins in its Bitcoin ETF. Clients of Blackrock own those assets. Blackrock is merely the custodian.
tldr; Franklin Templeton has filed for a spot Ethereum ETF, joining BlackRock, ARK Invest, and others in the race to offer such a product. The firm, managing $1.5 trillion in assets, has chosen Coinbase Custody Trust Company and the Bank of New York Mellon as custodians. The ETF aims to provide investors with an accessible way to gain Ethereum exposure and will be listed on the CBOE BZX Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ARK invest predicted, they predicted lots of things but still nothing they predicted came out….
tldr; ARK Invest's report 'Big Ideas 2024' predicts that if 19% of global assets, totaling $250 trillion, were allocated to Bitcoin, its price could soar to $2.3 million. The report outlines various scenarios, with a 1% allocation potentially raising Bitcoin's price to $120,000, and a 4.8% allocation over five years possibly leading to a price of $550,000. The report also notes Bitcoin's historical performance, with a 44% CAGR, and identifies key catalysts for 2024, including the launch of spot Bitcoin ETFs, halving events, institutional adoption, and regulatory developments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Right, so you're saying that top elite lawyers in Blackrock, ARK, VanEck, Bitwise, etc would apply for Spot ETFs, despite Vitalik's existence would make it hard for SEC to approve the ETFs? Man, I definitely do not want what you're smoking!
Sounds good! This article discusses the recent changes made by ARK 21Shares to its application for a spot Ethereum exchange-traded fund (ETF), which aims to provide investors with exposure to the second-largest cryptocurrency by market capitalization.
I'm not sure the MSTR move is the right one. I'd personally be DCAing into VOO and holding a cash balance in a high yeild savings if you have 25% in BTC already. I think ARK investments which is wildly pro btc is only at 19%. But hey maybe your making the right move. Only time will tell. Good luck! Risk management is important.
tldr; Cathie Wood, CEO of ARK Invest, believes Bitcoin has the potential to overtake Gold as a store of value and become a safe haven asset. She points to a shift in investor interest towards Bitcoin, especially in times of economic uncertainty, such as the March 2023 U.S. banking crisis. Despite a price decline after the approval of Bitcoin ETFs, Wood notes that most Bitcoin remains in strong hands, indicating a long-term investment strategy. Analysts predict a bullish run for Bitcoin, especially with the upcoming halving event in 2024, which historically leads to market rallies. Bitcoin ETFs have performed well, and Bitwise analysts forecast a new all-time high price for Bitcoin this year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
All good points, I’ve seen similar numbers in the past. I haven’t seen these calculated recently though and tend to assume ARK is acting in good faith, but as you say, buyer beware. Good luck to you.
LOL. 19.4 percent is the exact perfect allocation to btc for generational wealth. Oh, i'm sorry, I mean ARK ETF Btc.
I love the ARK platform shit is so goated. Check DM
No it was during 2020 - 2021. I invested in major mutual funds like ARK and a few others. If I would have put that money into crypto I would have outperformed the mutual funds by an order of magnitude or more.
IBIT is now ranked #3 in terms of total assets for all 600+ ETFs that have launched since the start of 2023. It will likely be #1 by next week. FBTC is currently #7, and ARK + Bitwise are in the top 25
Cathie Wood predicted this. Only question: how come ARK hasn't done the same already?
IBIT and FBTC for sure. ARK is very likely. Bitwise has a better shot than most. HODL and BRRR have great tickers, and got an initial boost from them, but not sure long term.
tldr; Cathie Wood, CEO of ARK Invest, has publicly challenged JPMorgan Chase CEO Jamie Dimon's negative remarks about Bitcoin. Dimon referred to Bitcoin as 'worthless' and a 'hyped-up fraud' at the World Economic Forum. Wood defended Bitcoin, citing its high hash rate and the significant investment in it by major asset management firms. She revealed that Bitcoin constitutes at least 25% of her net worth, excluding her ARK Invest and real estate holdings. Wood emphasized Bitcoin's robust network infrastructure, which exceeds the combined cloud computing systems of Amazon, Google, and Microsoft. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Investors are taking profits, there have been several articles about it. The big boys bought GBTC cheap. I sold half of my GBTC and am eating for things to level off and then will buy ARK21 or Bitwise. I did the same in my crypto IRA. I never sell my hard wallet bitcoin, but I do with the rest.
The quote says that *liabilities* in each wallet shall not exceed 100m. A liability is not insurance. FTX had a lot of liabilities too...doesn't mean any of them were insured? From the ARK S-1: >The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. In addition, neither the Trust nor the Sponsor insure the Trust’s bitcoin.
Yes, SIPC insurance covers the loss of stocks or cash that occur at a member brokerage firm. None of the Bitcoin ETF trusts are members, and therefore do not have this coverage. From the ARK S-1 for example: >*The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. In addition, neither the Trust nor the Sponsor insure the Trust’s bitcoin.*
A BTC ETF you don’t hold the keys to.. someone else does like Blackrock, ARK, Fidelity, etc etc..
Most Crypto-Kids don't even know yet they are now fully controlled by BlackRock & ARK.
If you want to support the decentralized and self-sovereign aspects of the Bitcoin network and actually own the Bitcoin yourself, then buy Bitcoin directly through an exchange or P-2-P then store it in a cold wallet or other self-custody wallet. If you just want to be exposed to Bitcoin’s price appreciation but don’t want to own any or do the work to buy and self-custody it, and you don’t mind paying an ETF management fee, then consider buying ETF shares. Some of the funds are waiving the fees initially, like the ARK fund. However, by opting to buy the ETF instead you’ll be helping to consolidate a bigger proportion of Bitcoin in the hands of mega-institutions who are at risk of having their Bitcoin confiscated by Govt, and if these funds go bankrupt, payouts would likely be in fiat not Bitcoin.
Why bother timing the markets? If you just had a steady DCA throughout 2023 and bought BTC you'd be well in the green. Also, zoom out. The price points from the present are all going to become great buys if you're in this for the long term and are prepared to wait it out until we get there. ARK's base case for BTC by 2030 is 600k that's Cathy Wood not your typical anon shill from crypto Reddit. This is a long term play screw the short term and average in over time.
Actually the fall is down to me moving some funds around and going into the ARK/21 BTC ETF. Sorry 😢
Actually the fall is down to me moving some funds around and going into the ARK/21 BTC ETF. Sorry 😢
Interestingly enough, I’ve recently left a meeting with my man at Chase regarding various things, at the end he stated that the Chase Crypto group yesterday contacted him. Basic was, they’re not recommending any of them at this time but all are available if I want them. We went through the company’s and his thoughts and the FEEs and made an initial buy there and then 2 hours ago for the ARK/21 ETF. So it was an initial buy and you know the reason why BTC went down right after my buy, 😢 sorry.
maybe, maybe not. I do not believe coinbase does all there transactions on chain or even most of them. The have a shitton of btc in reserve that is the float and its accounting is done on a traditional database that rolls up to on chain tx's based on either timing or some set of criteria or type of tx. Just because, for example, the ARK etf has a shit ton of buys happening does not mean it will be reflected on chain in any manner that becomes obvious unless wallets are leaked/made known.
Blackrock saying they added 2000 BTC yesterday and still have $100M in cash. ARK showing their fund has 1,670 BTC.
I've been holding stock in ARK investments for a while. It's up 16% percent from my initial investment. But they're stock tanked today? Bizarre behavior. I can't wait to see what happens tomorrow.
That's wishful thinking > "The amount of bitcoin represented by the Shares will continue to be reduced during the life of the Trust due to the transfer of the Trust’s bitcoin to pay for the Sponsor Fee and other liabilities" (FORM S-1 REGISTRATION STATEMENT, ARK 21SHARES BITCOIN ETF, p.46)
Set up daily reccuring buys for Blackrock and ARK
Priced in for us but not for the customers of ARK, Blackrock, Fidelity... ...wait until they buy the ETFs and watch what will happen on Spot Exchanges, particularly Coinbase. No one of us can price in the impact they'll have, if they really come.
Blackrock's iShares Bitcoin Trust (IBIT) ARK 21Shares Bitcoin ETF (ARKB) WisdomTree Bitcoin Fund (BTCW) Invesco Galaxy Bitcoin ETF (BTCO) Bitwise Bitcoin ETF (BITB) VanEck Bitcoin Trust (HODL) Franklin Bitcoin ETF (EZBC) Fidelity Wise Origin Bitcoin Trust (FBTC) Valkyrie Bitcoin Fund (BRRR) Grayscale Bitcoin Trust (GBTC) Hashdex Bitcoin ETF (DEFI) From https://www.investopedia.com/spot-bitcoin-etfs-are-approved-by-sec-cleared-to-start-trading-thursday-8357670
Extremely annoyed with how the ETFs played out * Hack caused by no 2FA which is ridiculous for a government agency. * Gensler Wednesday made the CBOE remove all listings even though the SEC was going to approve them literally an hour later. * Gensler then releases a statement shitting all over Bitcoin, saying it's used in terror financing and by criminals. Basically saying the courts forced him to make this decision. * Bonus: Elon then jumps on the ARK21Shares celebratory Twitter Space and refuses to talk about Bitcoin (??????) What a weird week
Looking at it -- https://www.sec.gov/Archives/edgar/data/1869699/000141783524000010/8A_Cert_ARKB.pdf "To Whom It May Concern: Please be advised that Cboe BZX Exchange, Inc. is withdrawing the Form 8-A12B Certification as originally filed on January 10, 2024, for the following security: ARK 21Shares Bitcoin ETF (ARKB) If there are any questions, please reach out to me directly. Your assistance is greatly appreciated."
Wow, this is quite slap down. He built a case and demonstrated that the SEC has been playing games all along, unfairly applying new standards just for BTC ETF approvals. >All of this assumes that the Approval Order reflects a change in outcome based on new information presented in the ARK Application. A skeptic might wonder whether the Grayscale decision forced the Commission’s hand, causing the Commission to search for a basis of approval that satisfied the court without admitting that the “significant market” test was improper and flawed.
Hashdex $DEFI (0.9%) Grayscale $GBTC (1.5%) BlackRock $IBIT (0.25%) Franklin Templeton $EZBC (0.29%) WisdomTree $BTCW (0.3%) BitWise $BITB (0.2%) Valkyrie $BRRR (0.49%) ARK Invest $ARKB (0.21%) Invesco $BTCO (0.39%) VanEck $HODL (0.25%) Fidelity $FBTC (0.25%)
Custodians hold them. The ARK prospectus says it buys or sells BTC to create/delete shares. Think of it as tether, but to BTC.
The SEC has approved the 19b-4 applications from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex and Franklin Templeton which allow a spot Bitcoin ETF to be listed and traded on the respective exchanges.
uh i thought the ARK ETF got approved this morning? fake news?
Sucks to be that guy, CBOE already announced ARK's ETF would start trading Thursday.
While I appreciate the fact you are trying to educate, the two unique markets of BTC cold wallet and the ETF holders are extremely divergent. The average ETF investor is not interested in or wants the hassle of a Cold wallet. They want ease of use and someone else to worry about custody. They inherently trust the ARK’s and Black Rocks of the world to handle their 401k and other portfolio needs. The “not your keys…not…” messaging means nothing to this type of investor. And the threat of the IRS/Government taking their funds is a threat to less than 1/10 of 1%. The rest of us degenerates who cold wallet our BTC can just ride the ETF excitement to higher profits with zero worry. But I also believe the ETF investors have zero worry also as Black Rock and such have no similarities to FTX, Celsius etc IMHO.
"... stock brokerage service Fidelity Investments listed several of the proposed ETFs on its web app on Jan. 10, including the ARK 21Shares Bitcoin ETF (ARKB), Vaneck Bitcoin Trust ETF (HODL), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC) and Wisdom Tree B The listings on Fidelity provide further evidence that these funds may be on the verge of being approved by the United States Securities and Exchange Commission (SEC). On the same day that Fidelity listed these funds, the Cboe BZX stock exchange also listed ARKB, HODL, BTCO, BTCW, and EZBC, as well as FBTC in its interface. These funds aren't available for purchase on Cboe, and they have still not officially been approved by the SEC. Sourse: https://cointelegraph.com/news/fidelity-app-lists-bitcoin-etfs-ark-21shares-vaneck-wisdomtree-invesco