Cathie Wood, CEO of ARK Invest, believes that Bitcoin's significant price increase after the collapse of US regional banks is a clear indication that it is the future of money. Wood cites three reasons for her bullish outlook on digital assets, including the potential for Bitcoin to dominate the "money revolution" as a safe store of value.

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.

Cathie Wood, CEO of Ark Invest, has a positive outlook on Bitcoin and predicts a bull case of $1.5 million per coin and a best case of $625,000. She believes Bitcoin is a hedge against counterparty risk, especially after the regional bank crisis in March. Wood defends her investment strategy and claims that Ark's active management approach is making a comeback, outperforming the NASDAQ 100. Despite her optimism for Coinbase, Wood has reallocated some of her stake towards "laggards" like genomic companies and Teradyne.

Cathie Wood, CEO of ARK Investment Management, expressed her positive outlook on Coinbase following Ripple's recent legal victory against the SEC. Although the ruling did not fully favor Ripple, Wood believes it is a positive outcome for crypto exchanges. She joins other industry experts in suggesting that the ruling could set a precedent for Coinbase and Binance in their legal battles with the SEC. Despite receiving a Wells Notice and facing a lawsuit from the SEC, Coinbase's stock value has remained robust. However, investment firm Berenberg Capital Markets warns that regulation for crypto exchanges is still unresolved, and Coinbase Earn may be vulnerable to being defined as a security.

According to Cathie Wood, Twitter's valuation has been reduced by 47% since Elon Musk took the company private in October. Despite this, Wood remains optimistic about Twitter's future and believes that increased competition from Meta could be beneficial. Wood thinks that Twitter and Threads can coexist and that Threads has ignited a competitive spirit at Twitter.

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.

Cathie Wood's Ark Investment Management LLC has reduced its holding of Coinbase Global Inc. for the first time in almost a year on Tuesday.

June 21 (Cointime) - Ark Invest, led by Cathie Wood, sold 31,500 Tesla shares worth $8.6 million a day before Elon Musk's meeting with the Indian Prime Minister as the company looks to invest in the Asian country.

June 20 (Cointime) - Cathie Wood, CEO of Ark Invest, has predicted that Bitcoin could reach $1 million by 2030, which would be a 40x increase from its current price of around $25,000.