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ark invest pivotin to bitmin immersio over coinbase, robinhood, n block… growin institutional interest in eth strategies…bitmin amassin more eth than sharplink n eth foundation…ark reducin coinbase, robinhood
Cathie Woods’ Ark Invest shifts focus to crypto, favoring Bitmin Immersion over Coinbase, Robinhood, and Block. Ark disclosed acquiring 4.4 million Bitmin shares across its ETFs. The move signals growing institutional interest in Ethereum strategies. Bitmin has amassed a significant Ethereum reserve, surpassing major holders like Sharplink and Ethereum Foundation. Ark also reduced positions in Coinbase, Robinhood, and Block to capitalize on emerging opportunities and profit from asset outperformance. Coinbase’s market cap briefly exceeded $100 billion, while Robinhood saw a 16% increase.
Ark Invest Pivots in Bitmin in the middle of the increase in the Treasury Ethereum
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