The Latest Breaking News from Cathie Wood

The Securities and Exchange Commission approved 11 applications to create a spot Bitcoin ETF Wednesday.

But, along with the SEC's approval is Gensler's statement outrightly distancing himself from Bitcoin and the broader cryptocurrency industry, which did not fall right on the ears of high-profile individuals in the industry, particularly of ARK Invest's Wood.

Executives from leading firms suggested a potential approval announcement Wednesday, indicating that trading might start as soon as Thursday.

The Dow Jones reversed higher despite a dive by Boeing stock. Nvidia stock and Apple stock gained. Cathie Wood loaded up on a plunging stock.

ARK Innovation (ARKK), spearheaded by Cathie Wood's ARK Invest, continues to prosper owing to its robust market outperformance, strategic Tesla (TSLA) additions, upbeat analyst sentiment, and optimism for a bitcoin ETF. Among all of this, let's see if ARKK might be a wise investment. Read on….

Spot bitcoin ETFs, and bitcoin prices, were off to a weak start after SEC approval. Is a revolution underway, or will the trend continue?

ARK Invest purchased over 105,000 shares of Tesla while simultaneously selling off COIN shares worth over $25 million Wednesday.

Shares of the company more than doubled in 2023.

Cathie Wood purchased Tesla stock for the first time in 2024 on Wednesday, spending over $25 million, while cutting her Coinbase holdings.

GM and Ford need to scale their EV operations to make them profitable, she said. Tesla will benefit if they don't.

Last week, it was reported that the SEC met with hopeful spot Bitcoin ETF issuers to iron out details of their filings and inform them of a deadline for submitting amended proposals on Dec. 29.