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Cathie Wood’s investment company, ARK Invest, sold shares of the Coinbase crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million. The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21. Cathie Wood and Ark Invest's trade activity from today 10/23 pic.twitter.com/3SilCpHQFG — Ark Invest Daily (@ArkkDaily) October 24, 2023 The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (BTC) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green. Source: CoinGecko At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight. ARK Invest and ...

Amid warnings of a looming financial crash, primarily in the United States, prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has focused on the economic factors that could contribute to or even directly lead to these bleak premonitions coming true. As it happens, Kiyosaki has long warned about the upcoming disaster he believes will result from various influences, but three alarming factors particularly stand out – hyperinflation, central bank digital currency (CBDC), and the US government’s behavior. #1 Hyperinflation Indeed, the finance educator has recently pointed out that hyperinflation was not what many people think it is – prices going up. In his view, it actually “means the opposite” and refers to the decline of the purchasing power of money, as Finbold reported on October 2. Hence, to protect themselves from the negative effects of this hyperinflation, Kiyosaki has advised his followers to stock up ...