{"id":36544,"date":"2024-01-19T10:36:42","date_gmt":"2024-01-19T10:36:42","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/19\/cathie-wood-elon-musk-bullish-on-bitcoin-ark-buys-arkb-etf-with-bito\/"},"modified":"2024-01-19T10:36:42","modified_gmt":"2024-01-19T10:36:42","slug":"cathie-wood-elon-musk-bullish-on-bitcoin-ark-buys-arkb-etf-with-bito","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/19\/cathie-wood-elon-musk-bullish-on-bitcoin-ark-buys-arkb-etf-with-bito\/","title":{"rendered":"Cathie Wood &#038; Elon Musk Bullish On Bitcoin, Ark Buys ARKB ETF With BITO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Bitcoin bull <strong>Cathie Wood<\/strong> on Friday reiterated her bullish case on Bitcoin, with <strong>Elon Musk<\/strong> agreeing along with her. Wood hails the Bitcoin community \u2013 a lot bigger than the mixed measurement of the cloud infrastructure constructed by Amazon, Google, and Microsoft during the last 15\u201320 years.<\/p>\n<p>Meanwhile, Cathie Wood\u2019s Ark fund has additional offloaded holdings in ProfessionalShares Bitcoin Strategy ETF (BITO) to put money into Ark 21Shares spot Bitcoin ETF (ARKB).<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2>Elon Musk Reacts To Cathie Wood\u2019s Bitcoin Network Comments<\/h2>\n<p>Ark Invest CEO Cathie Wood on January 19 stated Bitcoin is backed by the most important pc community on this planet, reiterating her bullish outlook on Bitcoin. She claims that the Bitcoin community is bigger than the mixed measurement of the clouds that <strong>Amazon<\/strong>, <strong>Google<\/strong>, and <strong>Microsoft<\/strong> have constructed during the last 15-20 years.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">Wow<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1748238663345926222?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<\/blockquote>\n<p>Wood cited Ark Investment director of digital property Yassine Elmandjra\u2019s information on Bitcoin hash fee hitting an all-time excessive above 500 exahashes\/s in January. \u201cFor every star in our galaxy, the Bitcoin network is calculating 5 billion computations per second. It would take ~2000 years for the entire global population, each performing one hash\/second, to match the Bitcoin network\u2019s hash rate,\u201d stated Elmandjra, whereas sharing some components of the magnitude of the Bitcoin community.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"Image\" width=\"780\" height=\"479\" src=\"https:\/\/pbs.twimg.com\/media\/GEKq_ngWIAAyydF?format=jpg&amp;name=large\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/pbs.twimg.com\/media\/GEKq_ngWIAAyydF?format=jpg&amp;name=large\" alt=\"Image\" width=\"780\" height=\"479\"\/><\/noscript><\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/bitcoin-etf-grayscales-gbtc-records-580-mln-net-outflow-on-day-5\/\" target=\"_blank\" rel=\"noopener\">Grayscale\u2019s GBTC Records $580 Mln Net Outflow On Day 5<\/a><\/strong><\/p>\n<h2>Ark Invest Sells BITO To Buy ARKB Spot Bitcoin ETF<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>On January 18, ARK Next Generation Internet ETF (ARKW) bought 758,915 shares of ProfessionalShares Bitcoin Strategy ETF (BITO) value $15 million to purchase 365,695 shares of Ark 21Shares spot Bitcoin ETF (ARKB) value $15 million.<\/p>\n<p>ProfessionalShares Bitcoin Strategy ETF (BITO) worth closed on Thursday at $19.72, down 4.64%. Whereas, Ark 21Shares Bitcoin ETF (ARBK) worth additionally closed 4.46% decrease at $40.95.<\/p>\n<p>Cathie Wood continues to double down on its not too long ago listed spot bitcoin ETF as a part of the technique to extend holdings in its Ark 21Shares spot Bitcoin ETF. On Jan 16, ARKW bought 757,664 shares of ProfessionalShares Bitcoin Strategy ETF (BITO) valued at roughly $15.8 million to buy <a href=\"https:\/\/coingape.com\/cathie-woods-ark-invest-sells-proshares-strategy-etf-bito-to-buy-arkb-spot-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener\">365,427 Ark 21Shares Bitcoin ETF<\/a> (ARKB) value $15.8 million.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>ARKB recorded $41.8 million influx, as per the information by BitMEX Research. Total outflow for 11 spot Bitcoin ETF was $131.6 million on day 5, with large $579.6 million outflow in GBTC.<\/p>\n<p>In December, ARKW purchased 4.32 million shares of <a href=\"https:\/\/coingape.com\/cathie-wood-bitcoin-etf-gbtc-share\/\" target=\"_blank\" rel=\"noopener\">ProShares Bitcoin Strategy ETF<\/a>\u00a0(BITO) by fully offloading its holdings in Grayscale Bitcoin Trust (GBTC).<\/p>\n<p><strong>Also Read: <a title=\"Crypto Market Selloff: Here\u2019s Why BTC, ETH, SOL, XRP, LUNC Falling Today\" href=\"https:\/\/coingape.com\/crypto-market-selloff-heres-why-btc-eth-sol-xrp-lunc-falling-today\/\" target=\"_blank\" rel=\"bookmark noopener\">Crypto Market Selloff \u2014 Here\u2019s Why BTC, ETH, SOL, XRP, LUNC Falling Today<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/cathie-wood-elon-musk-bullish-on-bitcoin-ark-buys-more-arkb-etf-with-bito-holdings\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/cathie-wood-elon-musk-bullish-on-bitcoin-ark-buys-more-arkb-etf-with-bito-holdings\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA175279\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the big potential of those progressive future applied sciences. He is at present overlaying all the newest updates and developments within the crypto trade.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD175279\">\n<p>  The introduced content material could embody the private opinion of the creator and is topic to market situation. 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The creator or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/justin-suns-3-5m-altcoin-investment-unveiled\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail 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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin bull Cathie Wood on Friday reiterated her bullish case on Bitcoin, with Elon Musk agreeing along with her. Wood hails the Bitcoin community \u2013 a lot bigger than the mixed measurement of the cloud infrastructure constructed by Amazon, Google, and Microsoft during the last 15\u201320 years. Meanwhile, Cathie Wood\u2019s Ark fund has additional 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