Ark Invest invirtió en Tesla y Grayscale Ethereum Trust
The investment fund has acquired 47,000 shares of Tesla. The transaction amounted to $27 million
At this difficult time, the fund management states that their commitment to Bitcoin will remain unchanged. Katie Wood, founder of the foundation, is confident that BTC will cost $500,000.
Currently, she is also confident that the market correction has brought the day when the first Bitcoin fund will be approved in the United States. This is facilitated by the revision of the price of BTC and the general recovery of the market.
According to Wood, bull market sentiment is always hypertrophied, and you don't know how low you can fall. Now the market has entered a phase of capitulation. No matter what the asset is, now is a great time to shop!
Ark Invest demonstrates this not only by buying Tesla shares, but also by acquiring 639,000 shares of Grayscale Ethereum Trust. $20 million was spent on this investment. This means that despite the volatility, Wall Street institutions are trying to enter the cryptocurrency market.
Ark Invest is a company that manages assets worth $50 billion. The fact that the head of such a serious organization believes in the bright future of Bitcoin is an excellent confirmation that the current correction in the market is only a temporary phenomenon.