Quick Read ARK Bitcoin ETF (ARKB) fell 22.6% year-to-date through February 20, matching Bitcoin’s decline exactly. ARKB launched in January 2024 with a 0.21% expense ratio and no leverage. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE. The ARK 21Shares Bitcoin ETF (CBOE:ARKB) offers investors a straightforward proposition: direct, regulated exposure to Bitcoin's price with no leverage, no options mechanics, and a competitive 0.21% expense ratio. The prob ...

Group 1 - Cathie Wood, CEO of ARK Invest, is taking advantage of market dips by increasing investments in crypto-linked stocks as Bitcoin reaches its lowest price since 2024 [1][2] - ARK Invest has significantly increased its exposure to major crypto firms, including Coinbase, Circle, and BitMine Immersion Technologies, amidst market volatility [2][3] - The firm purchased over $1.3 million in Coinbase (3,510 shares), $8.7 million in Circle (34,342 shares in ARKK and 8,536 shares in ARKF), and $6 million in BitMine (145,488 shares) across its ETFs [3] Group 2 - ARK also expanded its stake in Bullish by acquiring 125,218 shares, a regulated crypto exchange backed by Block.one and notable investors like Peter Thiel [3] - On February 4, ARK Innovation ETF added 83,094 shares of Bullish and 14,868 shares of Circle, reflecting ongoing investment activity during a downturn in the crypto market [5] - As of February 5, Bitcoin experienced a significant drop, trading at $67,753.29 after losing approximately 7.8% in 24 hours, marking the worst price crash since early November 2024 [6]

Group 1 - Bitcoin briefly traded below $70,000 this week, attracting value buyers [1] - The article discusses the dangers associated with Bitcoin investment and potential risk mitigation strategies [1] - The ARK 21Shares Bitcoin ETF is mentioned as a relevant investment vehicle in the context of Bitcoin [1] Group 2 - The author emphasizes a long-term investment approach focusing on macro ideas through low-risk ETFs and CEFs [1] - The author has nearly ten years of experience trading stocks and currencies and currently manages a family fund [1]

Cryptocurrency Market Overview - Leading cryptocurrencies, including Bitcoin, experienced a significant selloff, with Bitcoin dropping below $73,000, marking its lowest level since November 2024, resulting in over $750 million in liquidations amid "extreme fear" sentiment [1] - The global cryptocurrency market capitalization decreased to $2.59 trillion, with analysts suggesting a potential short-term relief rally despite prevailing bearish expectations [1] Circle and Coinbase Trades - Circle, the issuer of USDC, saw its stock decline by 4.59% on the same day Bitcoin fell [2] - Ark Invest's ARKF fund purchased 3,510 shares of Coinbase Global Inc for approximately $630,606, while Coinbase's stock price dropped by 4.36%, closing at $179.66 [3] Market Pressure on Crypto Equities - Shares of Coinbase and other crypto-related companies traded lower after Bitcoin fell below $80,000, influenced by a tightening U.S. liquidity environment affecting high-risk assets [4] - The sell-off impacted crypto equities as investors reacted to ETF losses and declining market confidence across the sector [4] Ark Invest's Trades in Digital Assets - ARKF, ARKK, and ARK Next Generation Internet ETF funds collectively bought 89,677 shares of Robinhood, valued at around $7.8 million [5] - ARKF and ARKW funds acquired a total of 135,131 shares of ARK 21Shares Bitcoin ETF, valued at approximately $3.4 million, despite the ETF experiencing a 1.97% decline, closing at $25.36 [6] - ARKF and ARKK funds purchased 125,218 shares of Bullish, valued at approximately $3.5 million, with Bullish's stock declining by 3.93%, closing at $27.64 [8] Ark's Investment Strategy - Ark's investment in Bullish aligns with its strategy of supporting companies integral to the trading and exchange of digital assets, with Bullish backed by PayPal co-founder Peter Thiel [9] - Coinbase accounted for 3.52% of Ark's portfolio by weight, while Bullish represented 1.15%, with Ark's Bullish holdings valued at $138.6 million at the time of writing [9] Additional Insights - Benzinga Edge Stock Rankings indicate that Coinbase stock has a Value in the 55th percentile and a Momentum in the 4th percentile [10]

Core Insights - The ARK 21Shares Bitcoin ETF has reached $3.3 billion in assets under management, making it one of the largest crypto ETFs in the U.S. two years after its launch [1][3]. Group 1: ETF Characteristics - Investors in the ARK Bitcoin ETF own shares of the fund rather than Bitcoin directly, similar to how investors in gold ETFs do not own physical gold [4]. - The ARK ETF functions as an index fund, tracking the CME CF Bitcoin Reference Rate – New York Variant, which is crucial for prospective investors to understand [5]. - Unlike Bitcoin, the ARK ETF does not trade continuously; it can only be bought or sold during exchange hours, which is a key difference for investors accustomed to the 24/7 cryptocurrency market [6][7]. Group 2: Costs and Management - The ARK Bitcoin ETF has an expense ratio of 0.21% annually, equating to $21 on a $10,000 investment, which may deter seasoned crypto investors who are used to lower holding costs [8]. - Cathie Wood, co-founder and CEO of ARK, is a long-time proponent of Bitcoin, which may influence investor sentiment towards the ETF [9][10].

Core Viewpoint - Nasdaq is seeking SEC approval to remove restrictions on options trading for crypto ETFs, which could enhance market accessibility and trading fairness for investors [1][3]. Group 1: Nasdaq's Proposal - Nasdaq filed a form with the SEC to amend options position and exercise limit rules for certain crypto assets [1]. - The proposed rule change aims to eliminate the previous 25,000 position and exercise limit restrictions for options on crypto ETFs [3]. - Nasdaq is requesting immediate effectiveness of the proposal, asking the SEC to waive the standard 30-day delay [4]. Group 2: Impact on Crypto ETFs - If approved, the rule change will affect various crypto funds, including those linked to Bitcoin and Ethereum launched by major asset managers like BlackRock and Fidelity [2]. - As of January 22, spot Bitcoin ETFs have total net inflows of $56.6 billion, while spot Ether ETFs have $12.34 billion in inflows [4]. Group 3: Market Implications - Nasdaq believes the change will promote "just" and "equitable" trading principles, eliminate discrimination, and foster a free and open market [3]. - The exchange asserts that the proposal does not impose significant burdens on competition and aims to protect investors [4].

Core Viewpoint - Ark Invest, led by Cathie Wood, has launched a spot Bitcoin exchange-traded fund (ETF) to provide investors with easy access to Bitcoin without the complexities of direct purchase and storage [1][2]. Group 1: ETF Overview - The ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) tracks Bitcoin's price by holding actual Bitcoin tokens and distributing shares based on ownership, facilitating investment for various types of investors [2]. - The ETF charges a management fee of 0.21%, which is the only fee incurred when purchasing the ETF [3]. Group 2: Investment Rationale - Bitcoin is viewed as a unique diversifier in investment portfolios due to its limited supply of 21 million tokens, positioning it as a potential digital gold [3][7]. - Bitcoin has shown correlations with both high-beta tech stocks and precious metals like gold, which has gained value amid geopolitical tensions and rising U.S. government debt [4]. Group 3: Economic Context - The U.S. government currently faces a fiscal deficit of nearly $1.8 trillion and total debt exceeding $38 trillion, with a significant portion of the budget allocated to interest payments [5]. - Economists suggest that ongoing fiscal policies may lead to U.S. dollar debasement and prolonged inflation, reinforcing the case for gold and potentially Bitcoin as a hedge against these economic challenges [6].

Economic Outlook - ARK Invest CEO Cathie Wood predicts a "golden age" for U.S. equities, likening it to the boom of the 1980s, with the U.S. economy described as a "coiled spring" ready for a significant rebound [1] - Wood attributes the current economic tension to a "rolling recession" caused by aggressive Federal Reserve rate hikes, forecasting a surge in GDP growth and wealth creation due to converging factors like deregulation and tax cuts [2] Innovation and Growth - The current economic environment is characterized as "Reaganomics on steroids," with expectations of increased capital spending in sectors like artificial intelligence and robotics, benefiting the ARK Innovation ETF and the S&P 500 [3] - Real GDP growth is projected to accelerate to 6-8%, driven by a 4-6% increase in productivity, which will help suppress unit labor costs [4] Housing Market - The housing market is central to the "coiled spring" thesis, with existing home sales at levels not seen since the early 1980s, despite a larger population [5] - As interest rates stabilize and inventory becomes available, a sharp recovery in the housing market is anticipated, particularly for major homebuilders like Lennar Corp., KB Home, and D.R. Horton, which have reduced prices to clear inventory [6] Asset Allocation - Wood advises caution towards gold, viewing it as historically expensive relative to the M2 money supply, while advocating for Bitcoin as a superior asset due to its mathematical scarcity and programmed supply growth [7] - The ARK 21Shares Bitcoin ETF is positioned as a better diversification tool for the upcoming cycle of liquidity expansion [8] Market Performance - In 2026, the Nasdaq 100 index has increased by 1.35%, while the S&P 500 and Dow Jones indices have risen by 1.25% and 2.19%, respectively, indicating positive market performance [9]

Core Insights - Morgan Stanley has submitted registrations for spot Bitcoin and Solana exchange-traded products, pending regulatory approval [1][2] - Bitcoin is currently trading at $94,187, having gained nearly 1% in the past day, while Solana is trading at approximately $143, up nearly 6% [1] Group 1: Product Details - The proposed Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust are designed as passive investment vehicles to track the performance of Bitcoin and Solana respectively [2] - The registration forms do not specify custodians or crypto counterparties for managing U.S. dollar-to-BTC and -SOL conversions [2] - Unlike competitors, Morgan Stanley is utilizing its own brand without a joint venture or white-label sponsor for these funds [3] Group 2: Market Context - Bitcoin ETFs began trading in January 2024, with significant inflows observed in BlackRock's iShares Bitcoin Trust, which has $72.8 billion in holdings, contributing to a total of $119 billion in assets under management for Bitcoin ETFs [4] - Solana ETFs are relatively new, with the Bitwise Solana ETF launching in October 2025, followed by others like the VanEck Solana ETF and Fidelity Solana Fund [5]

Bitcoin is a profound technological and monetary innovation. With Vanguard now supporting bitcoin ETFs, their investors can access ARKB, the ARK 21Shares Bitcoin ETF, via existing portfolios, making a new asset class available through familiar tools.Learn more: https://t.co/pTF7UzJA3XProspectus: https://t.co/YAjcENes7ZARK Invest (@ARKInvest):You don’t need a wallet. You don’t need a private key. And now, if you’re with Vanguard, you don’t need to wait. The ARK 21Shares Bitcoin ETF brings bitcoin to your exi ...