Ethereum News Daily Official TheBitTimes.com

Cathie Wood’s ARK Invest is buying the dip in BitMine Immersion Technologies, backing Tom Lee’s Ethereum treasury strategy by socking $15.6 million into the firm after its stock tumbled more than 7% on Wednesday. ARK bought the BitMine shares across three of its ETFs (exchange-traded funds), according to the company’s latest trading filings. These funds are the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF).  Cathie Wood’s ARK Invest is aggressively accumulating shares of Bitmine. Bitmine = Ethereum Treasury.$ETH is the Wall Street play right now. Don't be underexposed. pic.twitter.com/6oVC4XGly7 — Ted (@TedPillows) August 16, 2025 ARKK bought 227,569 BitMine shares, while ARKW and AKRF purchased 70,991 and 40,553 shares, respectively.  Lee has rapidly transformed BitMine into the world’s largest corporate Ethereum treasury, holding 1.7 million ETH tokens valued at $...

Ark Invest CEO Cathie Wood predicted Bitcoin will reach $650K by 2030 as Robert F. Kennedy Jr. (RFK) says he has put most of his wealth in BTC. Wood told CNBC’s Squawk Box that Ark’s 2030 price target for Bitcoin is $650,000 in the base case, and between $1 million and $1.5 million in the bull case. Cathie Wood Says Bitcoin Still Has A “Long Way To Go” During the interview, Wood said that Ark Invest was the first public asset manager to gain exposure to the largest crypto by market cap after it purchased BTC in 2015 at $250 per coin. Bitcoin has since risen exponentially with the king of cryptos trading at $91,953 as of 3:20 a.m. EST after a 13% surge in the past week. Despite the parabolic gain in Bitcoin’s value since 2015, the Ark Invest CEO still believes that BTC’s price has a “long way to go.” Much of this predicted momentum, according to Wood, will be ignited by “regulatory relief” in the US after the new Trump a...

Ark Invest is More Deserving This comes after BlackRock brought a renewal of hope to the cryptocurrency industry through its spot BTC ETF application with the United States Securities and Exchange Commission (SEC). Therefore many people believe that if approval is coming soon from the regulator, BlackRock would be best posited for it. advertisement Bloomberg Intelligence ETF analyst James Seyffart on the other hand, says Ark Invest is more deserving of approval citing an earlier application.  “21Shares, ARK and Cboe are first in line because their next SEC decision date is 8/13/23 and we don’t yet have a date for the other 19b-4 applications like the one from BlackRock,” Seyffart explained. Globally recognized investment asset management firm BlackRock filed for a spot BTC ETF over a week ago with plans to use the Coinbase Custody platform and the American crypto exchange spot market data for pricing.  Recommended ...