Finance, or as I like to call it, the world’s most elaborate game of Monopoly with real money, is buzzing louder than a Empress of Blandings at a garden party.
What to Know, in a Nutshell (or a Very Big Cashew):
- If ARK Invest were a superhero, its power would be dollar signs-specifically, an eye-watering $2.15 billion in crypto assets, spreading itself across three funds like jam on a scone. Talk about spreading the wealth! 🥧
- Apparently, Cathie Wood’s crew has decided traditional tech is too ‘yesterday’, trimming holdings in Palantir and Shopify faster than a chef in a hurry, making room for more crypto goodies, which now account for between 29% and 17.7% of their portfolios. The shifting sands of investment, folks! 🏖️
- And just in case you think they’ve gone all-in on blockchain without a second thought, the pile of crypto-related assets-think Coinbase, Robinhood, Circle, and miner BitMine-total over $2.15 billion. Seems like crypto is now the darling of the financial prom! 💃
Cathie Wood, that doyenne of daring investments, has expanded her crypto empire again, adding more than 105,000 shares of Bullish (that’s a lot of zeros) worth a tidy $5.3 million. Spread across her ETF kingdom – ARKK, ARKW, and ARKF – this gives her a total of about 2.27 million shares, valued at $114 million, because why not make it a round figure? 🎯
Interestingly, this expansion isn’t a wild, impulsive fling but part of a thoughtful push into digital infrastructure, an area they’ve been nurturing like a bonsai on a balcony, especially since Bullish’s IPO earlier this year, which managed to raise a billion and a bit. From an initial $172 million backing to the current mountain of crypto holdings, they’ve come a long way, baby! 🚀
And what’s fascinating-if you like your finance served with a side of irony-is that crypto now makes up a hefty slice of their pie: 29% in ARKF, 25.7% in ARKW, and 17.7% in ARKK. Looks like they’re not just dipping toes-they’re cannonballing into the digital pond! 💦
So if you’re wondering about their favorite coin, Coinbase is the star, holding over $675 million across these funds, with Robinhood, Circle, and staking products for ether and solana also vying for attention. This isn’t just investing; it’s a full-blown crypto carnival! 🎪
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2025-11-01 18:12