Cathie Wood
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.
Ti AI ṣe iroyin
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.