Bitcoin News Thebittimes.Com

Also Read: Terra Luna Classic Proposals To Burn 800 Million Tokens Officially Passed, USTC & LUNC To $1? advertisement Earlier, CoinGape reported the upcoming important dates around the spot ETF filings. In the first week of September 2023, several ETF related deadlines are lined up for the US SEC, including around the Blackrock filing. Cathie Wood: All Bitcoin ETF Approvals At Once? Speaking to Bloomberg on Monday, Cathie Wood predicted that the federal regulatory agency may likely take a decision on the spot Bitcoin ETFs all at once. When asked about whether the Ark Invest ETF filing will get the first mover advantage over the Blackrock application, Wood said the US SEC may likely look at many applications at once. “The August 13 (deadline) will come and go. I think the SEC, if it is going to approve a Bitcoin ETF, will approve more than one at once. Most of these (ETF filings), essentially will be the same, and it will come down to marketi...

On July 17, Cathie Wood ’s ARK Invest sold another batch of Coinbase shares. The investment firm reduced its COIN holdings from the ARK Innovation ETF [ARKK] by 127,266 shares. Likewise, 76,788 shares and 44,784 shares were reduced from the Ark Fintech Innovation ETF [ARKF], and ARK Next Generation Internet ETF [ARKW]. In total, 248,838 COIN shares were sold. Based on the last close price of $105.55, they were worth around $26.26 million. Ark Invest’s latest Coinbase Share Transactions | Source: Cathie’s Ark All Coinbase-related transactions of ARK have only been sell transactions so far in July. Prior to the latest selling spree, the firm sold close to 500,000 shares on July 14, and more than 100,000 shares on July 11. However, before that, ARK had been on an accumulation spree. After the last set of transactions, ARK held a total of 10.7 million COIN shares. Thus, Cathie Wood ’s firm’s total COIN position is now roughly worth around $1.13 billion. Ark Invest’s Combined...