Cathie Wood

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Ark Invest, led by Cathie Wood, has submitted filings to U.S. regulators for two new cryptocurrency exchange-traded funds based on the CoinDesk 20 index. One fund would mirror the index, which covers major digital assets like bitcoin and ether, while the other would exclude bitcoin through a futures strategy. These products aim to provide diversified crypto exposure without direct ownership of tokens.

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Ark Invest, led by Cathie Wood, recently sold 181,294 shares of Tesla stock, trimming its largest holding despite a long-term bullish outlook. The move reduces Tesla's weighting in the portfolio to 7% from 8.5% last quarter. Analysts note Tesla faces a challenging year with expected sales declines and a high valuation multiple.

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