Cathie Wood quietly bets $31M on crypto stock ahead of Halloween

Group 1: Investment Insights - Cathie Wood, a prominent investor, is highly optimistic about the crypto sector, notably predicting a Bitcoin price of $1.5 million and actively investing millions in crypto stocks through ARK Invest [1] - On October 27, ARK Invest acquired approximately $31 million worth of Block Inc. shares, with the ARK Innovation ETF purchasing 210,916 shares, the ARK Next Generation Internet ETF acquiring 59,827 shares, and the ARK Fintech Innovation ETF buying 114,842 shares [2] - Block Inc., led by Bitcoin advocate Jack Dorsey, offers a range of Bitcoin-centric financial services and was recently added to the S&P 500 index, with its stock closing at $80.15 on October 27, reflecting a 0.77% increase in one day [3] Group 2: Market Dynamics - Approximately $31 billion in Bitcoin options are set to expire on Halloween, which may lead to reduced volatility before the expiration and a clearer directional move in the following 24-72 hours, according to Bitfinex analysts [4] - The crypto market, which experienced a downturn earlier in the month due to geopolitical tensions, may face further volatility but could rally if a temporary truce is reached between President Trump and Chinese President Xi Jinping during their meeting on October 30 [6]