Latest news with #ARKInvest
Crypto Insight
3 hours ago
- Business
- Crypto Insight
Cathie Wood's ARK partners with SOL Strategies for staking services
Cathie Wood's ARK Invest has named Canada-based SOL Strategies as its exclusive staking partner for the company's Digital Assets Revolutions Fund. Under the partnership, ARK Invest will move its validator operations to the SOL Strategies staking infrastructure. Created in 2020, the Fund typically invests in 10 to 12 cryptocurrencies aiming to generate returns over a full market cycle of four to five years. 'We serve a growing number of institutional and enterprise clients seeking compliant, reliable access to Solana through delegated staking and custom validator infrastructure,' SOL Strategies CEO Leah Wald told Cointelegraph. BitGo, an institutional custody platform that partnered with SOL Strategies in April, will also be involved. Staking is the process of locking up cryptocurrencies to help secure a blockchain network and earn rewards. Solana epochs last about two to three days, after which Solana stakers receive a certain amount of the native coin. 'We currently operate five validators with over 3.59 million SOL (CAD $888 million) ($647.2 million) in assets under delegation and more than 5,700 unique wallets staked, with just 12% coming from our own treasury, the rest from third parties,' Wald said. However, staking has risks. If a validator were to misbehave, its staked tokens could be slashed, resulting in losses for investors. According to Solana Compass, roughly 403 million SOL tokens are being staked at this writing for a total of $73.5 billion. SOL Strategies posted a loss of $3.5 million for the second quarter of 2025, although its staking and validating revenue grew significantly. Other companies like DeFi Development Corp. and Upexi have also pivoted to Solana treasuries as the asset has gained more traction among traditional investors. Increased interest in staking from institutional investors ARK Invest's move indicates increased interest from institutional investors, who may want to earn yield on crypto assets along with the potential appreciation in price. Asset managers are also seeking to get exposure to Ether staking. Over the past few months, several issuers of Ether exchange-traded funds (ETFs) have submitted formal requests with the SEC seeking approval for income-generating features. 'We're seeing a clear surge in institutional interest in Solana exposure, not just to the asset, but to structured, investable vehicles that provide access with regulatory clarity,' Wald said. As the U.S. regulatory landscape becomes more defined, family offices, hedge funds, and asset managers are actively seeking products like ETFs, structured notes, and public equities (DATs and Solana technology firms like ours) that offer clean Solana exposure. ARK Invest is well-known in crypto circles, making a plethora of investments with significant amounts of capital. Recently, it scooped up shares in Circle's initial public offering before selling the first batch of shares for $52 million on June 17. It is an active participant in Bitcoin ETFs and has invested in crypto companies' stocks in the past. Source:
Yahoo
a day ago
- Business
- Yahoo
Cathie Wood's ARK Invest taps SOL Strategies for Solana staking
Cathie Wood's ARK Invest taps SOL Strategies for Solana staking originally appeared on TheStreet. SOL Strategies Inc., a Canadian company specializing in blockchain infrastructure in the Solana ecosystem, has been chosen by ARK Invest as its new Solana staking provider, according to a statement from the company. This transition will facilitate ARK's Digital Asset Revolutions Fund and demonstrate a substantial institutional partnership in terms of crypto staking. ARK Invest, under Cathie Wood, is a well-known investor initially investing in both blockchain and digital assets. This new relationship involves ARK transferring its Solana validator activity to SOL Strategies' enterprise-grade infrastructure that integrates with the BitGo institutional custody new scope will enable ARK to offer secure and scalable validator services, supporting its investment management in the Solana ecosystem. ARK Invest is among the top cryptocurrency adopters, particularly amongst institutional investors. Apart from this deal, the company also invested in staking ETFs in Solana and Ethereum from 3iQ, a digital asset management firm, showing its longer-term belief that staking will be a viable source of yield for yield-seeking investors. SOL Strategies, otherwise known as Cypherpunk Holdings Inc., focuses on strategic investments and infrastructure solutions on the Solana blockchain ecosystem. The firm notes that this partnership is evidence of the emerging institutional role as a trusted provider of staking services for institutional clients. "Being selected as ARK's Solana staking provider represents significant validation of our institutional infrastructure and market position," said Leah Wald, CEO of SOL Strategies. "Cathie Wood and her team are highly regarded for their forward-thinking approach to crypto and tech investing." Cathie Wood's ARK Invest taps SOL Strategies for Solana staking first appeared on TheStreet on Jul 28, 2025 This story was originally reported by TheStreet on Jul 28, 2025, where it first appeared.
Yahoo
2 days ago
- Automotive
- Yahoo
Cathie Wood Buying the Tesla Dip, Should You?
July 25 - Tesla (TSLA, Financial) shares plunged heavily following its latest quarterly earnings release. The significant downturn prompted Cathie Wood's ARK Invest to add a combined 143,190 shares across three of its actively managed exchange-traded funds. ARK Innovation ETF (ARKK, Financial) led the purchases, buying 101,398 shares. ARK Autonomous Technology & Robotics ETF (ARKQ, Financial) acquired 24,345 shares, while ARK Next Generation Internet ETF (ARKW, Financial) added 17,447 shares. Warning! GuruFocus has detected 4 Warning Sign with PYPL. As of the update, Tesla remains the largest holding in ARKK and ARKW, representing 9.63% and 9.36% of their assets, respectively. ARKK's stake is valued at $693.13 million, ARKW's at $170.75 million, and ARKQ lists Tesla as its second-largest holding at $123.55 million. The move underscores ARK Invest's conviction in Tesla's long?term growth thesis and strategy of capitalizing on market dislocations in companies it deems leaders in transformative innovation. As of July, TSLA is down about 24%, while ARKK, ARKQ and ARKW have climbed 33%, 26% and 45% in 2025, respectively. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $302.24 with a high estimate of $500.00 and a low estimate of $19.05. The average target implies a downside of -2.10% from the current price of $308.74. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.28, suggesting a downside of -12.78% from the current price of $308.74. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus.
Yahoo
4 days ago
- Automotive
- Yahoo
Tesla Could Roll Out Robotaxis in San Francisco Soon. Its Stock Is Surging.
Tesla (TSLA) could expand its robotaxi service to San Francisco as early as this weekend, according to a report Friday. Its stock surged, making up some of its losses from the day before. Tesla shares were up over 4% in recent trading, but are still headed for a losing week after tumbling nearly 8% Thursday on a weaker-than-expected earnings report. The electric vehicle maker's profits declined for a second straight quarter, as Tesla has seen sales fall in key markets like the U.S. and China. Tesla could be prepared to roll out its robotaxis in San Francisco as early as this weekend, after their launch in Austin, Texas last month, Business Insider reported Friday, citing an internal memo to staff. The test program will operate in a geofenced area that includes a large portion of the Bay Area, the report said. Tesla did not immediately respond to an Investopedia request for comment on the report. Cathie Wood's ARK Invest Buys the Dip in Tesla Stock Separately, a trio of Cathie Wood's ARK Invest ETFs collectively bought more than 140,000 shares of Tesla for nearly $44 million on Thursday, according to an Investor's Business Daily report. The longtime Tesla bull's ARK Invest purchased more than 115,380 shares on Tuesday, and 60,000 shares on July 18, an earlier IBD report said. Tesla is the top holding of the ARK Innovation ETF, making up nearly 10% of the fund's weight. Read the original article on Investopedia
Yahoo
6 days ago
- Business
- Yahoo
Cathie Wood calls latest investment a ‘vote of confidence'
Cathie Wood calls latest investment a 'vote of confidence' originally appeared on TheStreet. ARK Invest CEO Cathie Wood has a keen eye for emerging trends in the technology sector and her funds' portfolios reflect her dynamic vision. Known for holdings in crypto-native or crypto-related stocks such as Coinbase (Nasdaq: COIN), Robinhood (Nasdaq: HOOD), Circle (NYSE: CRCL), and Elon Musk's Tesla (Nasdaq: TSLA), her investment management firm recently chose to buy a stock that has pivoted toward Ethereum over Bitcoin. ARK Invest purchased $182 million in 4.7 million BitMine Immersion Technologies (NYSE: BMNR) shares, the crypto treasury company announced on July 22. BitMine has recently begun shifted from BTC to ETH as a treasury asset. The company said it expects to dedicate 100% of the net proceeds from the sale to ARK Invest, worth $177 million, to acquire Lee of Fundstrat, Chairman of BitMine's Board of Directors, said: 'We are delighted that Cathie Wood's ARK Invest is taking a substantial stake in BitMine as she sees the exponential opportunity ahead as we target reaching 5% of ETH.' Wood said the firm's investment in BitMine is a "vote of confidence" that Fundstrat will be one of the top crypto treasury companies as Ethereum enables decentralized finance (DeFi) Fundstrat's Tom Lee is very bullish on ETH and believes it could hit $15,000 due to the tokenization and stablecoin boom. Bitwise Asset Management's Chief Investment Officer Matt Hougan is also confident in ETH further rallying, attributing the surge to extraordinary demand from exchange-traded products (ETPs) and corporate treasuries since mid-May. ETH has surged more than 50% over the last month and was trading at $3,609.63 at the time of writing. Cathie Wood calls latest investment a 'vote of confidence' first appeared on TheStreet on Jul 23, 2025 This story was originally reported by TheStreet on Jul 23, 2025, where it first appeared.
