Cathie Wood's Ark Buys More Of Its In-House Spot Bitcoin ETF Ahead Of Halving, Pauses Tesla Buying – Benzinga

Cathie Wood’s investment firm, Ark Invest, has increased its stake in its own Bitcoin exchange-traded fund (ETF) as the cryptocurrency approaches its halving event. At the same time, Ark has decided to pause its buying of Tesla stock. Wood’s firm is known for its innovative approach to investing and its focus on disruptive technologies. Ark’s continued interest in Bitcoin signals its confidence in the digital currency’s long-term potential. The decision to halt Tesla purchases may indicate a shift in Ark’s investment strategy or simply a temporary pause. Investors will be watching closely to see how these moves play out in the coming months.

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