Cathie Wood Says Bitcoin Served As A 'Flight To Safety' During Banking Crisis - While The SEC Debates ARK's BTC Spot ETF, These 3 Funds Offer Indirect Exposure
Portfolio Pulse from Johnny Rice
ARK Invest's Cathie Wood suggests Bitcoin served as a 'flight to safety' during the recent banking crisis, with its price rising from $20,000 to over $30,000. Wood's funds, including ARKK and ARKW, are heavily invested in blockchain technology. The article also highlights three blockchain-related ETFs (DAPP, BITQ, BKCH) that have performed well since the start of the year.
August 24, 2023 | 4:48 pm
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POSITIVE IMPACT
ARKK, managed by Cathie Wood, is heavily invested in blockchain technology, which could benefit from the rising interest in Bitcoin.
Given Cathie Wood's bullish stance on Bitcoin and blockchain, and the fact that ARKK is heavily invested in blockchain technology, it's likely that any positive sentiment or performance in the Bitcoin market could positively impact ARKK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ARKW, another fund managed by Cathie Wood, is also heavily invested in blockchain technology, and could see benefits from the rising interest in Bitcoin.
ARKW, like ARKK, is heavily invested in blockchain technology. Given Cathie Wood's bullish stance on Bitcoin and blockchain, it's likely that any positive sentiment or performance in the Bitcoin market could positively impact ARKW.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BITQ, a blockchain-related ETF, has performed well since the start of the year, and could continue to benefit from the rising interest in Bitcoin and blockchain technology.
BITQ has performed well since the start of the year, indicating a strong interest in blockchain technology. Given the rising interest in Bitcoin, it's likely that BITQ could continue to perform well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BKCH, a blockchain-related ETF, has performed well since the start of the year, and could continue to benefit from the rising interest in Bitcoin and blockchain technology.
BKCH has performed well since the start of the year, indicating a strong interest in blockchain technology. Given the rising interest in Bitcoin, it's likely that BKCH could continue to perform well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DAPP, a blockchain-related ETF, has performed well since the start of the year, and could continue to benefit from the rising interest in Bitcoin and blockchain technology.
DAPP has performed well since the start of the year, indicating a strong interest in blockchain technology. Given the rising interest in Bitcoin, it's likely that DAPP could continue to perform well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70