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☆ Ark Investments sets 0.80% fee for proposed spot bitcoin ETF
▼ + stars: | 2023-11-24 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Since 2021, the SEC has rejected multiple applications to issue spot bitcoin ETFs, arguing that the cryptocurrency market is vulnerable to manipulation. In August, a federal court ruled that the SEC wrongly rejected Grayscale Investments' application to convert its Bitcoin Trust into a spot bitcoin ETF. SEC chair Gary Gensler said last month that the SEC is evaluating as many as 10 spot bitcoin ETF proposals. The average fee levied on U.S. ETFs currently hovers around 0.54%, but Ark's proposed fee of 0.80% is significantly lower than the 2% that Grayscale currently charges investors on its spot bitcoin trust. If the SEC does approve some or all of the pending spot bitcoin ETF applications in early January, industry participants and analysts expect a fierce battle for market share to follow.

Persons: Cathie Wood, 21Shares, Gary Gensler, Ark's, It's, Suzanne McGee, Elaine Hardcastle Organizations: ARK Investment Management, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Swiss

☆ Falling prices may sound good, but deflation can be dangerous. Here’s why
▼ + stars: | 2023-11-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Falling prices of commodities like copper and lumber “negatively impacted” Home Depot’s third-quarter earnings, CEO Ted Decker told investors on the company’s earnings call earlier this week. In particular, they're noticing consumers pushing off bigger-ticket purchases like appliances, which have become cheaper compared to a year ago. But the problem with deflation is that when people begin to expect lower prices in the future, they have little incentive to make purchases right now. In China, however, prices across all goods and services were 0.2% lower in October compared to the same month last year. He also warned that US-based Walmarts could enter “a deflationary environment.”Besides eggs, other cheaper goods include airfares, gasoline, appliances and smartphones.

Persons: Cathie Wood, ”, Ted Decker, Billy Bastek, ” Bastek, Justin Sullivan, Doug McMillon, Preston Caldwell, “ it’s Organizations: New, New York CNN, Tech, ARK Investment Management, Wall Street, Home Depot, Walmart, Morningstar, CNN Locations: New York, United States, China

☆ Cathie Wood Urges Investors to Heed the Risks of a Deflationary World
▼ + stars: | 2023-11-15 | by ( Vicky Ge Huang | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Cathie Wood Has a Message for Investors: You’re Worried About the Wrong Thing
▼ + stars: | 2023-11-15 | by ( Vicky Ge Huang | Photographs Lanna Apisukh For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Solana surges amid altcoin rally, nearly triples its price over the past month
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood. It has nearly tripled in price in the past month. "Ether was faster and cheaper than bitcoin [back] in the day – that's how we got ether. Activity on Solana has been growing all year, particularly in liquid staking protocols like Jito, according to data provider Kaiko. Solana is up about 510% this year and has been one of the best performing cryptocurrencies of 2023.

Persons: Cathie Wood, Solana, CNBC's, Wood, altcoins, outpacing, Polygon's, XRP, bitcoin, Mikołaj Zakrzowski, blowup, Sam Bankman, Fried Organizations: Ark, CNBC, CNBC PRO, Solana Locations: altcoins, Solana

☆ Cathie Wood says the Grayscale Bitcoin Trust will lose this edge when a bitcoin ETF is approved
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Competition is set to heat up for the popular Grayscale Bitcoin Trust once the Securities and Exchange Commission approves a spot bitcoin ETF in the U.S. ARK in partnership with 21 Shares is in a long line at the SEC to get its application to launch a spot bitcoin ETF approved. Grayscale has been fighting with the SEC to convert GBTC into an ETF. The drumbeat for a bitcoin ETF has been growing louder since this summer. This week, ARK sold $6 million of GBTC shares, which Wood cited as a routine profit-taking event.

Persons: Cathie Wood, …, Wood, Bitcoin, ARK Organizations: Securities and Exchange Commission, U.S, ARK, CNBC, SEC Locations: GBTC, U.S, Canada, Europe

☆ Tesla is the biggest A.I. play in the world, says ARK Invest CEO Cathie Wood
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is the biggest A.I. play in the world, says ARK Invest CEO Cathie WoodCathie Wood, ARK Invest CEO and CIO, joins 'Squawk Box' to discuss ARK Invest's 5 new ETF products in partnership with 21Shares, SEC's approval of bitcoin ETFs, the state of crypto sector at large, autonomous driving, Tesla, and more.

Persons: Tesla, Cathie Wood, 21Shares Organizations: ARK, ARK Invest

☆ CNBC Pro Talks: Bitcoin bull Cathie Wood breaks down outlook on digital currency amid new ETF hype
▼ + stars: | 2023-11-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Bitcoin bull Cathie Wood breaks down outlook on digital currency amid new ETF hypeBitcoin and crypto equities have outperformed the major stock averages and commodities this year, but should it be part of your portfolio, and how? CNBC's Tanaya Macheel speaks with Cathie Wood, CEO of ARK Invest, about different ways to get exposure to crypto and what's driving the market now and what may be ahead in the coming months.

Persons: Wood, Macheel, Cathie Wood Organizations: ARK Invest

☆ ARK Invest CEO Cathie Wood: Most people understand that bitcoin is the 'money revolution'
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood: Most people understand that bitcoin is the 'money revolution'Cathie Wood, ARK Invest CEO and CIO, joins 'Squawk Box' to discuss ARK Invest's 5 new ETF products in partnership with 21Shares, SEC's approval of bitcoin ETFs, the state of crypto sector at large, autonomous driving, Tesla, and more.

Persons: Cathie Wood, 21Shares Organizations: ARK Invest

☆ Investors are jumping into this bond ETF in numbers that rival the ARK Invest bubble
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The furious rise in interest rates appears to be fueling a spike in trading for long-term bond products, even those focused on high quality Treasurys. While many long-term bond funds have seen recent inflows, the iShares 20+ Year Treasury Bond ETF (TLT) is extending its ETF market leadership position. The popularity of ARKK was a classic momentum trade, while bond funds have mostly been crushed over the past year. TLT YTD mountain Long-term bond funds like TLT have fallen sharply in 2023. Klingelhofer did say he was more interested in adding mid-term duration than long-term duration products, however.

Persons: Todd Sohn, ARKK, " Sohn, Sohn, Jeff Klingelhofer, Klingelhofer, Allison Bonds, it's, Bonds Organizations: Treasury Bond ETF, Innovation, CNBC, Thornburg Investment Management, State Street Global Advisors

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 26 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded fund (ETF) - seen as a driver of demand because it would allow investors to obtain direct exposure to the cryptocurrency via an exchange-listed product. To date, the SEC has approved only ETFs tied to bitcoin futures contracts. Anticipation around spot ETFs has been rising after the SEC opted not to appeal a court ruling it had been wrong to reject an application from Grayscale Investments to convert its existing bitcoin trust into a spot bitcoin ETF.

Persons: Dado Ruvic, Gary Gensler, Bitcoin, I'm, Gensler, Jan, Douglas Gillison, Megan Davies, David Holmes Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Thomson Locations: U.S

☆ The 'No. 1 question' Ark Invest’s Cathie Wood gets on her website
▼ + stars: | 2023-10-21 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

The most popular question on Ark Invest's website has nothing to do with investing in the U.S., according to the firm's CEO and Chief Investment Officer Cathie Wood. 1 question on our website as we track these questions is: Why can't we buy your strategies in Europe?" "We found this little gem of a company inside of AssetCo, which philosophically and from a DNA point-of-view, is very much like Ark," Wood said. She speculates 25% of total demand for Ark's research strategies comes from Europe. "We're terribly impressed with the quality of their [Rise ETF] own research and due diligence," Wood said.

Persons: Cathie Wood, CNBC's, Wood, We're Locations: U.S, Europe, Rize, AssetCo

☆ Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
▼ + stars: | 2023-10-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Ark Invest's Cathie Wood said this week that investors in her firm's flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. Ark's Innovation fund, which focuses on disruptive technologies such as AI, has gained 17% this year as of Thursday's close. She called out the "Magnificent Seven" mega-cap tech stocks, with the exception of Tesla , the ETF's top holding. We think AI is going to be highly disruptive." For that reason, she suggested that the Ark Innovation ETF was a bet on the future of AI.

Persons: Cathie Wood, Bob Pisani, Wood, Tesla Organizations: Innovation, Ark, CNBC Locations: CNBC's

☆ Mike Novogratz thinks the SEC will approve a bitcoin ETF as early as this year
▼ + stars: | 2023-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The crypto market has effectively been on pause – aside from a quick and short-lived spike this week – as investors wait for the SEC to give the green light to a bitcoin ETF. This week bitcoin, as well as shares of Coinbase , briefly spiked on a false report that BlackRock 's proposed spot bitcoin ETF had been approved by the SEC. BlackRock first filed its application in June and several other institutional players including Galaxy followed, taking BlackRock's move as a bullish signal for bitcoin ETF prospects as well as the long-term trajectory of bitcoin itself. Although no bitcoin ETF has been greenlit still, Novogratz highlighted BlackRock's bitcoin blessing on Wednesday as another sign that "the dialogue with the SEC is all heading in the right direction." Ark Invest CEO Cathie Wood echoed that sentiment this week, telling CNBC's "Halftime Report" the "SEC is engaging with us for a bitcoin ETF application.

Persons: Mike Novogratz, Novogratz, Cathie Wood, CNBC's, bitcoin, Godot Organizations: SEC, Galaxy Investment Partners, Invesco, CNBC Wednesday, Securities and Exchange Commission, Coinbase, BlackRock, Galaxy Locations: U.S

☆ ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approvedARK Invest CEO Cathie Wood joins 'Halftime Report' to discuss the nine applicants running for a spot Bitcoin ETF, changing behavior among the SEC towards Bitcoin ETFs, and the impact higher rates are having on ARK Invest's holdings.

Persons: Cathie Wood Organizations: SEC

☆ Watch now: ETF Edge with Cathie Wood on getting closer than ever to a spot Bitcoin fund
▼ + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ Cathie Wood on AI & a new "growth" revolution
▼ + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS07:25 Cathie Wood on AI & a new "growth" revolution24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved