Ark Invest is buying $Coin aggressively. They have been a bidder amongst coin since the IPO, I posted a couple times about it so I went to look for the data. ARK sends out their trades daily so one can do this easily in excel.
Ark now owns approx 2.4 million shares at around $320 a share. Currently they are down on their position and been one of the major bidders of the stock holding it up. This is a massive buying spree buy wood and I imagine it will become a top 10 holding for the firm relatively soon considering they are unloading some major winners to buy $COIN
They are also betting on $SHOP, $ZM, $PLTR, $DKNG.
She could be wrong about this, but there is a heavy chance long term she is not, and I am not either with the crypto trend.
Are you a buyer or a seller?
P.S. the reason she can not just “buy Bitcoin” is because there are rules and regulations when you manage other people’s money. This is the most direct way she can “buy crypto” in the major financial markets.
Not touching that one, not for a while at least.
Let true price discovery take place. That might take a couple of months.
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