Cathie Wood’s Ark Invest has shifted its crypto-focused investment strategy, reducing its holdings in Coinbase, Robinhood, and Block in favor of BitMine Immersion, an Ethereum-focused treasury firm.

According to Ark’s July 21 trading disclosures, the firm added 4.4 million BitMine Immersion (BMNR) shares to three of its actively managed exchange-traded funds (ETFs). This marks a notable strategic pivot as institutional interest in Ethereum treasury strategies continues to rise.

The breakdown of the purchase shows Ark Innovation ETF (ARKK) acquiring 2,937,432 BMNR shares, Ark Next Generation Internet ETF (ARKW) taking 927,898 shares, and Ark Fintech Innovation ETF (ARKF) adding 555,704 shares.

Though the exact acquisition value wasn’t disclosed, BMNR closed at $39.57 on July 21, per Google Finance data. Based on that price, Ark’s total investment likely approaches $175 million.

BitMine Immersion has emerged as a major player in Ethereum treasuries. Data from Strategic ETH Reserve ranks the firm as the largest Ethereum holder, with more than 300,000 ETH.

It currently outpaces other major holders, such as SharpLink and the Ethereum Foundation, which hold over 280,000 and roughly 234,000 ETH, respectively.

Ark trims positions in Coinbase, Robinhood, and Block

In tandem with its BitMine acquisition, Ark Invest has reduced exposure to three prominent crypto-linked stocks.

The firm sold 218,986 shares of Coinbase for roughly $90.6 million, 109,824 shares of Robinhood for $11.46 million, and 90,061 shares of Block for about $7 million. These sales spanned across ARKK, ARKW, and ARKF.

The portfolio adjustment aligns with Ark’s strategy of taking profits on outperforming assets and reallocating capital toward emerging opportunities.

Coinbase’s stock has rallied in recent weeks, briefly surpassing a $100 billion market cap. This rally was fueled by excitement about improved regulatory progress after the US Congress passed key crypto bills like the CLARITY Act and the GENIUS Act.

Meanwhile, Robinhood shares also surged, gaining over 16% during the past week thanks to optimism around its tokenized equities and new crypto offerings in Europe.

Additionally, Jack Dorsey’s Block gained investor attention after being added to the S&P 500 index, making it the second crypto-centered company after Coinbase to achieve the distinction.

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Anas Hassan

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Anas Hassan

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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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July 3, 2025

Bitcoin exchange-traded funds (ETFs) dominated institutional flows, with a massive $407.78 million in daily net inflows on July 2, bringing cumulative inflows to $49.04 billion.

In contrast, Ethereum ETFs faced modest $1.8 million outflows, according to data from SosoValue.

The stark difference resulted from Bitcoin’s continued institutional appeal as BTC reached weekly highs of $109,000 on July 2, positioning it for potential breakouts toward $112,000 targets.

Fidelity’s FBTC led Bitcoin ETF inflows with $183.96 million, followed by ARK21Shares’ ARKB at $83 million and Bitwise’s BITB contributing $64.94 million.

BlackRock’s IBIT, despite recording zero inflows on the day, maintains its dominant position with $76.31 billion in net assets and $52.42 billion in cumulative inflows since launch.

The performance disparity between Bitcoin and Ethereum ETFs followed the broader market trend, as Bitcoin maintains psychological support above the $100,000 level defended since early May.

Total Bitcoin ETF assets under management reached $136.68 billion, representing 6.30% of Bitcoin’s total market capitalization. This indicates a significant level of institutional adoption.

Trading volumes also surged to $5.22 billion across Bitcoin ETFs, with IBIT alone generating $4.08 billion in daily trading activity.

Institutional Momentum Drives Record Bitcoin ETF Adoption

Bitcoin ETF inflows demonstrate sustained institutional conviction, despite broader market volatility, with the latest inflows representing the continuation of aggressive accumulation patterns seen so far in 2025.

Particularly, Fidelity’s FBTC leadership, with $183.96 million in inflows, resulted from the growing competition among major asset managers for Bitcoin market share, following BlackRock’s early dominance.

The growing competition has led to a broad-based institutional adoption, rather than concentrated buying from a single entity.

Interestingly, corporate treasury strategies are increasingly embracing ETF structures over direct ownership of Bitcoin.

Design giant, Figma, recently revealed in its IPO filing that it has $69.5 million in Bitcoin ETF holdings, plus $30 million earmarked for future cryptocurrency investments.

This pattern is becoming increasingly adopted, and public companies that can’t hold directly prefer regulated exposure through established financial products.

Regionally, European expansion is also accelerating through structured products, such as the recent UniCredit’s Bitcoin ETF certificate, designed for Italian professional clients. The five-year instrument offers capital protection with 85% upside participation.

Moreover, the regulatory landscape continues to evolve favorably with the SEC’s July 1 guidance streamlining token-based ETF approvals and enabling a 75-day review process.

The new guidance establishes clearer pathways for crypto ETF approvals by implementing standardized disclosure frameworks that encompass custody practices, conflicts of interest, and creation and redemption mechanisms.

Ethereum ETFs Face Headwinds Despite Previous Momentum

Ethereum ETFs experienced modest $1.8 million outflows on July 2, contrasting sharply with their previous dominance, as they had recorded $240.29 million in daily inflows during June, surpassing Bitcoin ETFs’ performance at that time.

The June surge represented the strongest performance of Ethereum ETFs in four months, coinciding with ETH climbing above $2,800 for the first time since February.

BlackRock’s ETHA led that momentum with $163.6 million in single-day inflows, maintaining a 23-day streak without outflows while managing over 1.55 million ETH valued at $4.23 billion.

Current outflows may result from profit-taking following Ethereum’s technical breakout above multi-year descending trendlines.

The asset completed an inverse head-and-shoulders pattern with projected targets around $3,300, but recent rejection from $2,834 highs suggests consolidation phases before continued advances.

Ethereum staking also reached an all-time high of 34.65 million ETH locked on the Beacon Chain, representing nearly 29% of the circulating supply.

Long-term holders are holding on through staking despite short-term ETF flow volatility. They’re prioritizing yield generation over immediate liquidity.

Regulatory developments further support the growth of multi-asset crypto ETFs, as seen in Grayscale’s Digital Large Cap Fund conversion, which holds Bitcoin (79.9%), Ethereum (11.3%), and also XRP, Solana, and Cardano.

Similarly, the REX Osprey Solana Staking ETF was launched on Wednesday as the first US-listed fund to incorporate crypto staking.

This regulatory development could enable similar Ethereum staking products that combine institutional access with yield generation.

Cathie Wood’s ARK Invest has increased its Circle selling spree as CRCL stock surged nearly 250% since its public debut.

ARK dumped another 609,175 Circle shares from its three funds for $146.2 million on Friday, according to a trade notification seen by Cointelegraph.

The sale came amid a 20.4% jump in the company’s shares on Friday, closing at $240.3, or 248% above the opening price of $69 on the New York Stock Exchange on June 5.

The most recent dump marked the third sale by ARK in the past trading week, with all three sales totaling 1.25 million CRCL shares, netting roughly $243 million based on the daily closing prices.

ARK sells about 300,000 CRCL shares daily

ARK’s latest Circle stock sale involved transactions from the three ARK funds, including the ARK Innovation ETF (ARKK), ARK Next Generation internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).

The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF offloaded 75,018 shares and 43,608 shares, respectively.

The company sold $45 million on Tuesday, after making another $52 million sale on Monday.

Related: Stablecoins will soon have their ‘iPhone moment,’ Circle CEO

ARK is the 8th largest holder of Circle

ARK’s total sale of Circle shares over the past week represents nearly 29% of the company’s 4.49 million CRCL shares it purchased at Circle’s public launch on June 5.

Despite the massive sale, ARK remains one of the largest CRCL holders, ranking the eighth largest investor as of June 20, 3:00 pm UTC, according to Bloomberg Terminal data.

According to the data, Beijing-based IDG-Accel China Capital Fund II is the largest Circle holder with 23.3 million shares, followed by General Catalyst Group Management and James Breyer, holding 20.1 million shares and 16.7 million shares, respectively.

ARK continues to hold $750.4 million worth of Circle shares as of June 20, with CRCL becoming the top holding in the ARKW fund with a weight of 7.8%.

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks

On June 17, Ark sold 300,108 CRCL shares across three of its exchange-traded funds (ETFs), according to the firm’s daily trade filing. The sale totaled approximately $44.7 million based on Circle’s closing price of $149.15, per Google Finance data.

The sell-off spanned three of Ark’s exchange-traded funds (ETFs). The ARK Innovation ETF (ARKK) offloaded the largest chunk at 208,654 shares. It was followed by the ARK Next Generation Internet ETF (ARKW), which sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF), which parted with 26,134 shares.

This latest move comes a day after Ark began selling its Circle position on June 16. In 48 hours, the company has liquidated 642,766 CRCL shares, valued at close to $100 million.

The latest sale comes after CRCL posted its first dip on the New York Stock Exchange since going public earlier this month. On June 17, Circle’s share price slightly dropped by 1.2%, closing at $149.15.

This slight pullback marked a notable shift for the stablecoin issuer, which had maintained a bullish trajectory since its debut.

Despite the decline, CRCL shares have shown signs of recovery. Pre-market data indicates the stock has bounced back with a 3.43% gain, hinting at renewed investor confidence.

The post Ark Invest sells nearly $100M in Circle shares in the last 2 days appeared first on CryptoSlate.

ARK Invest chief executive Cathie Wood believes the electric vehicle giant Tesla (TSLA) can hit an astronomical valuation by 2030.

In an interview on The Diary of a CEO YouTube channel, Wood says she sees TSLA surging 744% in half a decade, spurred by the firm’s robotaxi platform.

According to Wood, Tesla’s fleet of autonomous vehicles will become the centerpiece of the company’s business strategy in the coming years.

“Our prediction in five years is $2,600, and 90% of that valuation comes not from the electric vehicle, but from this robotaxi platform.

Because the electric car, if you think about it, is a one-shot sale. Sell and hope they come when they’re replacing their car.”

During the firm’s Q4 2024 earnings call, CEO Elon Musk explained how Tesla owners can generate income by renting out their full self-driving vehicles instead of just parking them when not in use.

“And I expect us to be operating unsupervised activity with our internal fleet in several cities by the end of the year. Then as probably next year when people are able to add or subtract their car from the fleet. So, kind of like Airbnb, where you can sort of add or subtract your house or your guestroom, add it to the Airbnb or don’t add it to the Airbnb inventory. If you’re traveling for a month, you can or whatever the case may be, you can let other people use your house.”

For now, Wood says that Tesla has two options to generate recurring revenue for both the company and the vehicle owner.

“You could subscribe to the network. It could be either or: subscription or à la carte if you don’t think you’re going to use it that much.”

As of Monday’s close, TSLA is worth $308 per share.

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The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors.

The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance trading efficiency,” 21Shares said on June 2. 

The exchange-traded fund’s (ETF) investment strategy aiming to track the price of Bitcoin (BTC) won’t change, and its Bitcoin holdings will remain identical, 21Shares said. It added that the ETF will continue trading as usual, and the total net asset value of the fund will also remain unchanged.

A stock split is when a company divides its existing shares into multiple new shares. In a 3-for-1 split, each share becomes three, but the total value remains the same.

Some investors may feel priced out when asset or share prices rise, which can dissuade them from buying certain stocks. This leads some companies or ETF issuers to split their stock and lower the price per share, making it more affordable to retail investors, even though the underlying value is unchanged.

ARKB closed June 2 trading at $104.25 a share, meaning if a stock split happened now, one share would be priced at a third of the current value at just under $35.

The ARK 21Shares Bitcoin ETF, a joint offering between 21Shares and investment manager ARK Invest, has recently been the worst-performing fund in terms of flows out of the 11 spot Bitcoin ETFs in the US.

Related: Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF

It has seen six consecutive trading days of outflows totalling $430 million. That trend didn’t change on June 2, when $74 million left the product, according to CoinGlass. 

However, it is the third-largest fund in terms of total aggregate inflows with $2.37 billion, trailing similar ETFs from BlackRock and Fidelity. 

ARKB currently has $4.8 billion in assets under management with a year-to-date return of 7.35%.

Bitcoin ETFs outflows increase

Spot Bitcoin ETFs in the US have reversed a trend of inflows, with an aggregate net outflow of $1.2 billion over the past three trading days, according to CoinGlass.

The outflows accelerated as Bitcoin prices dropped 4% in a fall from over $108,000 to just below $104,000 on June 2. 

Glassnode reported that last week’s inflow of more than 6,100 BTC marked the seventh consecutive week of net inflows, “highlighting consistent demand despite cooling momentum.”

Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest

]]> https://earlybirdsinvest.com/ark-21shares-bitcoin-etf-to-split-stock-for-retail-investors/feed/ 0 39813 https://earlybirdsinvest.com/ark-invests-cathie-wood-predicts-bitcoin-to-hit-1-5-million-by-2030-heres-why/ https://earlybirdsinvest.com/ark-invests-cathie-wood-predicts-bitcoin-to-hit-1-5-million-by-2030-heres-why/#respond Sun, 18 May 2025 21:20:21 +0000 https://earlybirdsinvest.com/ark-invests-cathie-wood-predicts-bitcoin-to-hit-1-5-million-by-2030-heres-why/

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Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030. The American investor and cryptocurrency advocate has based this projection on multiple factors, including rising institutional investment and global recognition of Bitcoin’s ability to serve as a store of value.

The Building Blocks To Bitcoin Glory

In a recent interview with CNBC, Cathie Wood shared Ark Invest’s future projections for BTC as prepared by the company’s market analyst, David Puell. In a base case scenario, Wood explains that Ark Invest predicts Bitcoin to hit a price target of $700,000 – $750,000 by 2030, with the potential to trade as $1.5 million in a bull case.

According to the BTC proponent, these figures are plausible based on certain factors likely to serve as the building blocks to Bitcoin’s dominance. Firstly, Cathie Wood talks about the asset’s potential to seize some portions of the gold market share or attract its market as more investors begin to view the cryptocurrency as a store of value.

Notably, Bitcoin has gained more credibility and recognition in recent years following investments from traditional financial institutions and regulatory policy focus by governments across the world. In the US, this focus has resulted in multiple developments, with the launch of the US BTC Spot ETFs being the most significant.

Despite being in existence for only 17 years, Bitcoin ranks as the sixth most valuable asset, ahead of commodities like silver and companies such as Saudi Aramco, Meta, and Tesla, among others. Furthermore, Cathie Wood emphasizes that institutional investment and adoption of BTC are still in the early stages.

It is expected that the creation of a federal regulatory crypto framework and the continuous removal of operational bottlenecks under the Donald Trump Administration would spur an institutional embrace of Bitcoin due to not only its potential as a haven but also the possibility of significant returns due to the crypto market volatility.

1 Million BTC Remains Untouched

In supporting Ark Invest’s audacious Bitcoin prediction, Cathie Wood also highlights the fact that there are still over 1 million Bitcoin tokens yet to be minted. This indicates that there is still an adequate market supply to match the expected institutional demand.

Finally, the Ark Invest CEO mentions the emerging market use cases of BTC, such as a tool for inflation hedge, cross-border transactions, and activist donations, amongst others as part of the value drivers of this asset. 

At the time of writing, the premier cryptocurrency is trading at $103,312, reflecting a 22.62% gain in the last month.

Featured image from Pexels, chart from Tradingview

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ARK Invest CEO Cathie Wood says that Bitcoin (BTC) remains on track to hit a price target of at least $700,000 within years.

In a new interview on CNBC’s Squawk Box, Wood says ARK continues to predict Bitcoin will increase at least 580% of its current value by 2030.

“We have always had a 2030 target, the base case in the $700,000 to $750,000 range, the bull case in the $1.5 million range.”

Wood says there are three driving factors behind the massive Bitcoin price prediction.

“David Puell, our analyst and our on-chain analyst, put that piece out recently, and you can see the building blocks, how much share we expect Bitcoin to either take from gold or grow that store-of-value market, institutions moving in – and they’ve barely moved in, we have a million more coins, roughly, to be minted ever, and institutions have are just testing the waters right now – and then there’s the emerging market use cases as well. So we think we have miles to go.”

Wood also says that the US has been in a recession, but that it will soon come to an end after there’s more clarity around President Trump’s tariff negotiations, opening up the door for massive economic growth, in part driven by advances in artificial intelligence (AI).

“I just put out a letter talking about the rolling recession we’ve been in for the last three years, since the Fed jacked up rates. We got a negative quarter in the first quarter, and potentially in the second quarter as well. And I think more and more people are getting concerned about an extended recession, and amid all the uncertainty, we actually think we’re at the end of this rolling recession, and that we are moving into a period, after all of this uncertainty, of much greater productivity.

And interestingly, if you look at the government sector, we’re seeing unbelievable productivity moves taking place. There’s a video out there between the new head of the FDA (U.S. Food and Drug Administration), and the new head of CDER (Center for Drug Evaluation and Research), and they’re talking about generative AI in reviewing studies, medical trials, that cut work from days to minutes. So there’s a lot of productivity I think evolving in the ecosystem…

I think we’re going to see a lot more productivity driven growth, which means inflation is going to be much lower than expected, which is going to be very capital friendly.”

Bitcoin is trading for $102,811 at time of writing, up 2.4% in the last 24 hours.

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Ark Invest has revised its long-term outlook for Bitcoin, and currently forecasts a bull case price target of around $2.4 million by 2030. This report sets out a comprehensive modeling framework based on assumptions regarding the total market, adoption trends and supply dynamics of Bitcoin’s Addressable Market (TAM).

Updated targets represent a combined annual growth rate (CAGR) of ~72% between December 31, 2024 and December 31, 2030. In comparison, ARK’s base and bear estimates are $1.2 million (CAGR – 53%) and $500,000 (CAGR – 32%), respectively.

“Institutional investments contribute most to our bulls,” the report notes, highlighting the projected penetration rate of 6.5% of the $200 trillion global market portfolio that is gold by 2030.

Bitcoin, known by some as “digital gold,” is becoming increasingly recognized about its potential “Nimbler, storage of more transparent value”according to the report. Digital Gold alone is expected to contribute more than a third to the bull case valuation, assuming Bitcoin captures 60% of Gold’s $18 trillion market capitalization.

Demand in emerging markets is another major factor. “In our view, this Bitcoin use case has the greatest potential for capital arising,” Ark said, citing the assets’ ability to protect wealth from inflation and devaluation in developing countries. This segment could account for 13.5% valuation of $2.4 million, assuming a TAM penetration rate of 6% on the emerging market financial foundation.

Further contributions stem from growing adoption by the nation-state finances, corporate cash reserves, and the fast-growing ecosystem of chain financial services. In particular, even the conservative assumptions of on-chain services reflect a CAGR of 60% and are based on innovations such as Layer 2 networks and WBTC.

In the supplemental analysis, ARK also applied these assumptions to the “active” supply of Bitcoin. This is a methodology to discount long-standing coins or lost coins. On a vibrant supply base, the bull case price target jumps from the original $1.5 million to an updated $2.4 million.

Ark concludes that “the scarcity and loss of supply of Bitcoin are not reflected in most valuation models today,” suggesting a possibility of further rise beyond already bold predictions.

You can read the full report here.