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Ark Invest Projects Bitcoin Price to Hit $2.4 Million by 2030

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In what is one of the most optimistic outlooks for the leading cryptocurrency, Ark Invest projects that Bitcoin can reach a $2.4 million price by the year 2030. Indeed, the company’s aggressive modeling has placed the major target for the cryptocurrency to reach over the course of the next five years. The asset has certainly struggled since the start of 2025 but was surging before the calendar turned. Specifically, the token reached a six-figure price for the very first time in late 2024, with sentiment reaching an all-time high. Moreover, with favorable regulation on the horizon, that should just be the start for Bitcoin. Source: Proactive Investors Also Read: ARK Invest Bitcoin Purchase: Cathie Wood Bets Big on Crypto With $80M Buy Ark Invests Projects Bitcoin to Reach New Heights In the Next Five Years It has been a rather interesting year for Bitcoin so far. Although the price had struggled mightily in the first three months, things are starting to turn around. With BlackRock ...
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Spot Bitcoin ETFs Hit $365M In Inflows As BTC Surges Above $65K For First Time In Two Months

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Spot Bitcoin ETFs (exchange-traded funds) recorded over $365 million in inflows yesterday as BTC surges above $65K today for the first time in two months. The $365.7 million in net inflows into spot Bitcoin ETFs on Sept. 26 was the highest since July 22, when the ETFs raked in $486 million, according to data from Farside Investors. That helped BTC pump more than 2% in the past 24 hours to trade at $65,479.99 as of 3:35 a.m. EST. There have now been six consecutive days of inflows. ARKB Leads US Spot Bitcoin ETFs In Inflows Ark Invest and 21Shares’ ARKB registered the highest inflows yesterday, with $113.8 million entering its reserves. In second place was BlackRock’s IBIT with $93.4 million in net inflows. All of the funds, except for BTCW and Grayscale’s GBTC, recorded inflows. BTCW posted zero flows, while GBTC resumed its outflow trend after two consecutive days of no inflows. Despite not recording the largest inflows yesterday, IBIT maintains a...
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ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC

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Cathie Wood’s ARK Invest sold 237,572 Coinbase (COIN) shares for $33 million and 168,127 Grayscale Bitcoin Trust (GBTC) shares worth about $5.9 million. On Dec. 5, ARK Invest, led by Cathie Wood, sold $33 million in Coinbase (COIN) stock after the crypto exchange’s shares reached a 19-month peak in a move analysts connect to the recent uptick in Bitcoin (BTC) price. Cathie Wood and Ark Invest's trade activity from today 12/4 pic.twitter.com/M560DWhaHn — Ark Invest Daily (@ArkkDaily) December 5, 2023 The sale involved a total of 237,572 COIN shares , distributed across three of ARK’s exchange-traded funds (ETFs): ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF). During the trading day, COIN shares reached a high of $147.86 but eventually settled at $140.20, marking a slight decline of 0.63%. You might also like: ARK Invest discloses 80 bps fee in spot Bitcoin ETF filing Additionally, ARK offloade...
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