Cathie Wood, CEO of ARK Invest, has predicted that the total market capitalization of cryptocurrencies will increase by over 2,100% in less than seven years. Wood believes that financial institutions will begin investing heavily in Bitcoin and other digital assets, leading to a surge in the crypto market cap. She suggests that the approval of a Bitcoin exchange-traded fund (ETF) could be a catalyst for institutional investment, and the recent victory of Grayscale against the SEC may increase the chances of ETF approval. Wood predicts that institutional investment could raise the current $1.13 trillion crypto market cap to as high as $25 trillion by 2030, with Bitcoin comprising more than half of that total market cap.

August 25th, Bloomberg senior ETF analyst James Seyffart posted that ARK Invest and 21Shares have jointly submitted two Ethereum futures ETF applications, one of which is an Ethereum futures ETF with the code ARKZ, and the other is a Bitcoin + Ethereum futures ETF with the code ARKY.

ARK Invest and Glassnode have introduced a new framework for analyzing Bitcoin on-chain metrics called Cointime Economics. This method introduces a new measure called the coinblock to represent the state of the Bitcoin network, which can be used to represent Bitcoin's economic state instead of outstanding supply. The use of this new system may improve valuation metrics and provide a new analytical tool to measure Bitcoin activity. <br>

Ark Invest, a tech-focused asset manager, has identified several companies as part of its "Sleeper Wave" of promising investment opportunities in artificial intelligence. Ark suggests that there are many less understood opportunities trading at lower valuations that may soon deliver significant "earnings surprises." Companies with proprietary data, distribution advantages, and strong leadership are best positioned to capitalize on the productivity gains and new markets created by artificial intelligence, according to Ark's research.

Empowered Funds has applied to launch three Bitcoin futures ETFs, which will use the Ark Invest and 21Shares brands. The Ark 21Shares Active Bitcoin Futures ETF will primarily invest in Bitcoin futures traded on the Chicago Mercantile Exchange and will serve as the underlying ETF for the other two Bitcoin-related ETFs.

Data shows that from August 11th to August 17th, ARK Invest reduced its holdings of 167,573 shares of Coinbase stock (COIN), which is worth approximately $12.26 million at current prices. As of Friday's close, COIN was trading at $73.19.

Cathie Wood, the CEO of Ark Invest, has announced that her flagship innovation fund has completely exited China due to the country’s economic slowdown. The Ark Innovation ETF, which manages nearly $9 billion in assets, has divested from stocks generating revenue from China. This strategic move is part of a broader consolidation of the fund’s portfolio towards high-conviction bets such as Tesla, Coinbase, Roku, and Zoom, particularly during the market downturn.

Grayscale Bitcoin Trust (GBTC) was among the top performers at Cathie Wood's ARK Invest in Q2 2023, contributing to the success of its ARK Next Generation Internet exchange-traded fund (ARKW).

Cathie Wood's Ark Invest has sold some of its Coinbase shares as the stock price hit a yearly high, marking the second time this week that the firm has offloaded some of its holdings. The sale amounted to 478,356 shares worth $53 million. Meanwhile, Ark Invest has purchased shares in Meta Platforms and Robinhood Markets.

Cathie Wood's Ark Invest has sold some of its Coinbase shares, but still holds 4.3% of the total shares. The price of Coinbase stock has been on a constant rally, reaching its highest level since last August.