ARK

CorneliusFudgem

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

pullupman

So basically you invested in ARK ETFs and lost money and now they are clowns. LOL

coinfeeds-bot

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.

MPP22

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.

Financial_Design_801

🇺🇸 $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

Yo_ipitythefool

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

Financial_Design_801

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

Backrus

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.

BuffaloBrain884

ARK and VanEck are getting rejected this week, not BlackRock.

coinfeeds-bot

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.

ezraw1

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.

No-Difference-7327

What is ARK 100%

Alert-Wolverine-978

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 !

Vegetaman916

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.

HumidMind

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.)

SoullessGinger666

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.

Visara57

ARK with huge outflow of -87M. I guess we're going lower, gents

Sothisismylifehuh

Or like ARK has?

fan_of_hakiksexydays

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.

HotZcar

Kathy Woods from ARK FUNDS predicted bitcoin would be $3.6 million per coin by 2030

ARK_Invest

Thank you all for participating in this AMA! If you have further questions about ARK's ETF suite, please visit [ark-funds.com](https://ark-funds.com). Please note that you can also find information there about our monthly Funds mARKet update Webinar, where Cathie Wood and the ARK Team also answer investor questions.

vlatkovr

Hi Cathie. I am wondering if you can shed light on why have ARK and other ETH ETF applicants added staking to their ETF applications. What is the reasoning/strategy behind it?

kirtash93

What criteria does ARK Investment Management use to identify companies for inclusion in its thematic investing strategies? How does the firm stay ahead in identifying emerging disruptive innovations?

irisuniverse

ARK ETF coming in strong with their best net inflow to date! 201m

PrinceOfWales_

Hi Cathie, I was wondering what your thoughts on the Ethereum ETF approval are? Also if you have plans on incorporating crypto currencies together with other existing ARK theme ETFs or creating a new theme which houses various cryptocurrencies

_AegonTarg

Wen MOON on ARK Invest portfolio

HSuke

ARK and Cathie Wood have made headlines for their eye-opening Tesla and Bitcoin predictions over the years. **CW predicted $105000 (post-split) TSLA by 2025 prediction** in 2018, which was then revised to $9000 in 2021. These are far off from TSLA's current value of $180, and TSLA has never gone above $410. She has also made a $500k BTC prediction for 2025, and then doubled down on it at $1.5M BTC by 2030. **Realistically, why should we believe your Bitcoin predictions given how badly the TSLA ones have gone?** In addition, your flagship ARKK ETF has underperformed or tied the S&P 500 every year since 2017 except for 2020? All ARK funds dropped 70% from 2021 to 2022 and have stayed 60-70% down. In comparison, NASDAQ and S&P500 stocks have recovered and are now 20% above their 2021 peaks. ARKK is still at its 2018 level while most index funds are up 80-200%. Why should we ever put any trust in ARK or Cathie Wood? **Sources**: * https://www.cnbc.com/2020/02/05/tesla-shares-could-reach-7000-in-next-5-years-catherine-wood-says.html * https://www.ark-invest.com/articles/valuation-models/tesla-price-target-2 * https://www.yahoo.com/news/cathie-wood-560-000-bitcoin-212000464.html * https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/ (Note that TSLA has had 2 splits: 5-1 on August 31, 2020, and 3-1 on August 25, 2022. That means $15 of TSLA in 2024 is worth $1 of TSLA in 2019.)

CrazyK9

Where do you position emergence of Quantum Computing? it does not appear among ARK 14 disruptive technologies. It is a threat to blockchain crypto security but at the same time holds a lot of computing power promises plus can help secure blockchain.

shes_a_gdb

Well, yeah... everyone on reddit jumped on the ARK bandwagon *after* it already did 100%+ and wouldn't stop talking about her.

Milk-and-Tequila

They shouldn’t have before ARK. She bankrupted her last fund.

shes_a_gdb

If you lost money on ARK you got in way too late.

djwired

That’s what ARK ETF’s will do to your portfolio

mad_king_soup

her ARK fund was fucking awful, I lost money on that. Nobody will taker her seriously anymore after that

HSuke

Of course. She makes money off ETF fees, so she'll make tons of money regardless of whether her funds go up or down. Most people investing in ARK funds during her peak popularity are down over 50%. Nearly all her predictions are insane, and none of her recent ones have remotely been true.

meeleen223

Cathie Wood and ARK invest coming for an AmA 🔥

Sexy_Kumquat

Good thing Cathie has never been wrong about anything and always made winning bets in her ARK ETFs

pcm2a

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.

Michikusa

Fuck this bitch and her ARK portfolios

Ndom717

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.

ClotworthyChute

My plan is to read Reddit daily and insult the impure who buy ETFs, except the ARK products, they’re okay.

bubbathespaz

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.

Vegas_TP

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.

HumidMind

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

HumidMind

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...

meme_2

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.

becavern23

She's unhinged sometimes. I'm guessing the same will happen to ARK funds in a years time too..?

mightyminnow88

It also includes the bitcoin sold by new etfs, lol For example ARK sold boatloads of BITO and GBTC.

ScientificBeastMode

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.

StatisticalMan

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

GoldEdit

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

kakwntexnwn

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.

HumidMind

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)

P_e_a_s_h_o_o_t_e_r

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.

coinfeeds-bot

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.

Barva9

That is what she said... Look at ARK ETF performance, please. He have a better teachers in BTC community. Keep on stacking 💪

_Marat

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.

mgd09292007

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.

CryptoYuzu

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.

Ohms2North

Nasdaq is currently at ATH and ARK is still down

Ohms2North

I invested in her ARK technology fund. Currently down 45%. She’s amazing in bull markets like the rest of ua

SgtDoakes123

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.

coinfeeds-bot

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.

pcm2a

So far she's nailed it with her ARK funds...

kevinrb13

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

EmpiricalRutabaga

Cathie Wood's ARK Investments has done some analyses. Their best/middle/worst predictions are something like $1,500,00 / $700,000 / $400,000.

CPTAmerica100

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...

duper12677

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

Cathie_D_Wood

If given Moons, I will sell them so they will go up tremendously in price in typical ARK fashion

fverdeja

>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.

Who_is_Satoshi

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)

Constant-Ad-4172

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

Advanced-Guard-4468

Mine are through ARK and insured by SIPC

arBettor

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.

Wrest_Assured

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?

ClotworthyChute

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.

coinfeeds-bot

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.

coinfeeds-bot

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.

Which-Occasion-9246

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? “

AnotherBoomer

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/)

LivingFlow

ARK is not even charging fees for year one and it’s fairly reasonable after that. ETFs are legitimately enticing.

petragta

What is is ARK ?

Jacked_1

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.

Jacked_1

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.

Jacked_1

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.

smellybarbiefeet

Lmao $ARK what a dumpster fire 😂

Captain_Fredl

$ARK you heard it here first. next ai shit blowing up soon

Jacked_1

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).

Frogolocalypse

> 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.

und3adb33f

> 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

borald_trumperson

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?

bittabet

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.

StatisticalMan

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.

coinfeeds-bot

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.

Proof-Astronomer7733

ARK invest predicted, they predicted lots of things but still nothing they predicted came out….

coinfeeds-bot

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.

croissant_auxamandes

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!

Web3_Whiz

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.

JaysonGent

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.

coinfeeds-bot

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.

BitcoinBaller420

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.