The Latest Breaking News from Ark Invest

ARKB, on its eighth day of trading, the fund experienced a notable inflow of $110.5 million, further solidifying its position as an attractive investment vehicle in the Bitcoin ETF landscape.

Wood thinks Bitcoin holds the potential to attain a valuation of $1 million per unit at some point in the future, albeit not in the immediate term.

Musk, initially skeptical, is now reconsidering the use of Bitcoin as a potential currency for Mars colonization, contemplating its feasibility and the challenges of transaction times in space.

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.

The SEC finally approved 11 spot bitcoin ETF applications late Wednesday. Trading launched Thursday. ETFs lost ground as bitcoin reversed from $49,000.

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 21 and VanEck's spot Bitcoin ETFs lead with a 0.25% fee, followed by Fidelity at 0.39%, Wisdom Tree at 0.50%, Invesco at 0.59%, Valkyrie at 0.80% and Hashdex at 0.90%.

Aside from industry experts sharing their forecasts on the possibility of the SEC approving or rejecting spot Bitcoin ETF proposals, the crypto community is also betting on it.

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….