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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
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
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
Fidelity rolls out suite of new ETFs, slashes fees
  + stars: | 2023-11-13 | by ( Suzanne Mcgee | ) www.reuters.com   time to read: +1 min
Nov 13 (Reuters) - Fidelity launched a group of six new exchange-traded funds (ETFs) Monday and announced sharp reductions on management fees on nearly a third of its total ETF lineup, kicking off what analysts expect to be another strong week for ETF debuts. So far this year, asset managers have launched 419 ETFs, according to Morningstar Direct, taking 2023 a step closer toward breaking the 2021 record of 475 new ETFs. The move will boost Ark's lineup from eight ETFs to a total of 15. The Fidelity products offer fees of 18 basis points to 28 basis points, compared with an average fee of around 63 basis points for actively managed ETFs, according to Bryan Armour, mutual fund analyst at Morningstar. "These are very, very substantial reductions, and the new fees are very low," said Armour.
Persons: John Hooson, Harriman, Bryan Armour, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: Fidelity, Morningstar, Invest, 21Shares, Brown, Thomson
BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust's creation or on any plans for an ETF filing. To date, roughly a dozen ETF providers have filed to create spot bitcoin ETFs, or convert existing products into spot ETFs, helping fuel the recent rally in the cryptocurrency. Several other ETF providers that have applied for spot bitcoin ETFs also have sought SEC approval for spot ether ETFs, including Ark Investment Management, Invesco and VanEck.
Persons: Brendan McDermid, Bitcoin, Gary Gensler, Suzanne McGee, Ira Iosebashvili, David Evans Organizations: BlackRock, New York Stock Exchange, REUTERS, SEC, U.S . Securities, Exchange Commission, Ark Investment Management, Thomson Locations: New York City, U.S, Delaware
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 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
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
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's Cathie Wood said Monday that her innovation darlings are poised to lead the market once bonds start to rally and push down interest rates. The widely followed investor has been betting on stronger-than-expected deflationary forces, which could eventually bring down bond yields. The innovation fund has suffered a big investor exodus this year, with $773 million in total outflows, according to FactSet. Wood said it was due to investors taking some chips off the table after the fund's strong rally. The investor continues to be bullish on the artificial intelligence boom, believing it is an antidote to inflation and a big driver of productivity .
Persons: Cathie Wood, Wood Organizations: Innovation, Nasdaq Locations: FactSet
Cathie Wood: Elon Musk is a "troubleshooter"
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS02:12 Cathie Wood: Elon Musk is a "troubleshooter"24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval07:25 Cathie Wood on AI & a new "growth" revolution03:11 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
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
Cathie Wood on bringing her strategies to Europe
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS03:11 Cathie Wood on bringing her strategies to Europe24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
Cathie Wood on "spot bitcoin" approval
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS04:30 Cathie Wood on "spot bitcoin" approval24:46 ETF Edge, October 16, 202302:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution03:11 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
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
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
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
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
ETF Edge, October 16, 2023
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution03:11 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
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
Ark Invest's Cathie Wood said Thursday that the artificial intelligence boom is an antidote to inflation and a big driver of productivity. "AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit . Another area for AI opportunities is software, Wood said. Wood said she particularly values companies that know how to utilize proprietary data. So it has a lot of proprietary data to help marketers and salespeople understand the best way to target customers," Wood added.
Persons: Cathie Wood, Wood, Twilio Organizations: CNBC's Financial, Ark Invest, Meta
REUTERS/Leonhard Simon/File Photo Acquire Licensing RightsOct 5 (Reuters) - German automaker Porsche (P911_p.DE) and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair issues. Sensigo said its AI-powered service platform and tools can improve the repair process for customers and techs, while boosting service center profitability, reducing repair costs and minimizing warranty risk. The partners’ first startup, Pull Systems, announced in March, manages electric vehicle battery performance. In addition to Porsche, UP’s investment partners include Toyota’s (7203.T) Woven Capital, Alaska Air Group (ALK.N), ARK Invest and others. Portfolio companies include aerial vehicle startups Skydio and Beta Technologies.
Persons: Leonhard Simon, UP.Partners, Sensigo, Paul Lienert, Nick Macfie Organizations: Porsche, REUTERS, Systems, Alaska Air Group, ARK Invest, Beta Technologies, Thomson Locations: German, Munich, Germany, California, Santa Monica, Capital, United States, Detroit
Arm was the biggest IPO in the US since late 2021 when it made its market debut last week. But Ark Invest's Cathie Wood sat out the chip designer's float. "Arm came out, we think, from a valuation point of view on the high side," she told CNBC. The Ark Invest CEO chose not to participate in Arm's $55 billion float because she thought it was overvalued compared to its competitors. AdvertisementAdvertisementArm's IPO was the biggest stock market debut since 2021 after a prolonged slump in listings over the past 18 months.
Persons: Wood, CNBC's Organizations: CNBC, Service, Ark Locations: Wall, Silicon
Cathie Wood says a U.K.-founded company is "one of the best AI companies in the world." It now operates as Google DeepMind. This year, Alphabet said it's merging DeepMind with an internal Google Research team called Brain . It's a move designed to bring two groups focused on AI closer together as the battle for AI heats up. Google is racing to compete with Microsoft and other tech companies in AI, with Microsoft already making huge strides with its investment in OpenAI.
Persons: Cathie Wood, Ark, CNBC's, DeepMind, Wood Organizations: Google, Google Research, Microsoft, Wednesday Locations: OpenAI
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | ReutersArk Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the chip designer was overvalued relative to its competitive position. Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters"So we did not participate in that IPO, and we also compare it to the stocks in our portfolios. The top holdings in Wood's flagship Ark Innovation ETF include Tesla , Shopify , UiPath , Unity , Zoom , Twilio , Coinbase , Roku , Block and DraftKings .
Persons: Cathie Wood, Brendan McDermid, Wood, Rene Haas, Brendan Mcdermid Organizations: Ark Invest, CNBC, New York Stock Exchange, Reuters Ark, Nasdaq, Reuters, Innovation, Tesla, U.S . Federal Reserve Locations: New York City, New York, U.S
Ark Invest CEO Cathie Wood says she believes that Tesla is the "biggest AI opportunity in the world" today. She says that Tesla's autonomous taxi opportunity "is going to be a winner." "Again, this isn't the biggest AI project in the world right now. Wood gave Tesla a $2,000 price target by 2027 – representing potential upside of a whopping 650% from Tuesday's close. AI is the biggest catalyst," Wood said.
Persons: Cathie Wood, Tesla, CNBC's, Wood, Elon Musk, we're, , Yun Li Organizations: Reuters, Innovation Locations: United States, Tuesday's
We're cautiously optimistic about Disney 's (DIS) decision to invest billions upon billions more into its booming theme parks. DIS 5D mountain DIS stock performance. In a separate note, KeyBanc believes Disney's DPEP segment has a "bright long-term future" after its analysts attended Disney's Investors Summit. Bottom line Disney's moat is its strong intellectual property that it can use to monetize and grow its business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: We're, Bob Iger, doesn't, Iger, He's, Morgan Stanley, KeyBanc, Jim Cramer's, Jim Cramer, Jim, Joseph Prezioso Organizations: Disney, Disney Parks, Hulu, ESPN, CNBC, Comcast, Penn Entertainment, Investments, Disney's Investors, DIS, Parks &, Anadolu Agency, Getty Locations: Hulu
Watch CNBC's full interview with ARK's Cathie Wood
  + stars: | 2023-09-18 | 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 EmailWatch CNBC's full interview with ARK's Cathie WoodCathie Wood, ARK Invest CEO, joins 'Fast Money' to talk Tesla, her investing playbook, autonomous vehicles and much more.
Persons: ARK's Cathie, Tesla Organizations: ARK Invest
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