Cathie Wood’s Ark Invest is doubling down on its faith in crypto-linked companies, snapping up over $30 million worth of shares in Jack Dorsey’s Block Inc. across several of its exchange-traded funds.
Cathie Wood’s Ark Invest Loads Up on HOOD as BTC Buying Slows
Ark Invest, led by Cathie Wood, is shifting gears. While still bullish on Bitcoin’s long-term trajectory, the firm has made a sharp move into equities—most notably with a $10 million buy-in to Robinhood stock following the trading platform’s better-than-expected Q1 results.
CBDC: China’s Digital Yuan Sees Major Adoption
The People’s Bank of China (PBOC) has revealed that the digital yuan, its central bank digital currency (CBDC), has seen impressive growth, with 180 million individual wallets created by the end of July.
