Cathie Wood Reinforces Support for Bitcoin ETF During Crypto Turmoil, Invests $3.9M in Competing Amazon Firm

Cathie Wood's Recent Trades: Ark Invest made significant purchases on Monday, including 71,500 shares of the ARK 21Shares Bitcoin ETF, 8,776 shares of Robinhood Markets, and 26,420 shares of Shopify, amid a volatile cryptocurrency market.

Impact of Cryptocurrency Fluctuations: The trades were influenced by Bitcoin's decline from a weekend high of $91,000 to $87,000, which has affected related assets, including Robinhood's stock, known for its sensitivity to crypto market changes.

Shopify's Strong Performance: Shopify's growth trajectory continues to impress, with its third-quarter results exceeding expectations, leading analysts to raise their price targets for the stock significantly.

Other Notable Trades: Ark Invest also made trades involving CRISPR Therapeutics, Symbotic, WeRide, and Iridium Communications, reflecting a diverse investment strategy across various sectors.