“Cathie Wood’s Firm Spread the New Holdings Across Three Different Funds, Arkk, Arkw and Arkf As The Stock Continues to Surge on Itcond Day of Trading.”, – WRITE: www.coindesk.com
Shares of the Company, Who Owns Coindesk, Surged to As High As $ 102 From The $ 37 IPO Prting, Before Closing At $ 68, An 84% GAIN. The Company Sold 20.3 Million Shares for Its Initial Public Offering, WHICH HAD ALSO attracted interest from Blackrock (Blk), accounting to a filing with the Sec.
Ark Adeded 1,714,522 BLSH Shares to Its Flagship Ark Innovation Etf (ARKK), 545.416 Shares to the Ark Next Generation Internet ETF (Arkw) and 272.755
Bullish’s Rally Extended Into Thursday, Recently Trading 15% Higher. That performance comes as the Broader Crypto Market Slipped, Erazing Part of the Prior Day’s Gaves WHEN BITCOIN
Hit A Record High of $ 124,000. The Coindesk 20 Index Is Down About 2.1% Over The Past 24 Hours.
Other Recently Listed Crypto-Related Stocks Fell. Circle (CRCL), WHICH WENT PUBLIC IN JUNE, FELL About 2% Thursday, While Trading Platform Etoro (ETOR) Droped Nearly 3%.
Wood has a track record of makeing sizable early moves in Newly Public Crypto Firms. UPON CIRCLE’S IPO, ARK PURCHASED About 4.5 Million Shares, ValUED AT ROUGHLY $ 373 Million at The Time.
TOSE Shares Are Now Worth About $ 675 Million. Her Stake in Etoro is Smaller – AROUND 140,000 Shares – Currently Valused at $ 6.5 Million.
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Institute Adoptation, FX Settlement and Cross-Border Flows Are Expectioned to Drive Stablecoin Growth, A Report By Keyrock and Bitso Said.
- Stablecoins Could Process $ 1 Trillion in Payment Volumes Annuly by the end of the decade, A report by Keyrock and Bitso Said.
- On -chain FX and Cross-Border Payments Seen As Key Areas for Disruption If Regulatory and Liquidity Conditions Continue to Improve, Accounting To The Report.
- Stablecoin Supple Could Reach 10% of US Dollar M2 Money Supply, Impacting Monetary Policy, The Authors Said.
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