Flash News

Cathy Wood: ARK Invest increased Coinbase and Circle shares before voting on the clear bill

The CEO of ARK Invest, Cathy Wood, added Coinbase and Circle shares to the vote on the bill. ARK Invest stated in its 2025 Big Vision report that the basic price target for Bitcoin was projected to be $0.7 million by 2030 and $1.5 million in the case of cattle. Despite the damage to Bitcoin and other encrypted currencies this year, Wood and ARK continue to invest in the encryption market. Recently, ARK Innovation ETF purchased 66,754 shares of Circle and 37,153 units of Coinbase. The purpose of the Clarity Bill is to establish a framework for encryption regulation in the United States, providing a legal definition and a clear delineation between regulators, which is expected to have a positive impact on Coinbase and Circle。

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