ChainCatcher news, according to Bloomberg, Cathie Wood's Ark Investment Management announced that it holds shares in OpenAI, but did not disclose how it invested in OpenAI.In an email to clients on Thursday, Ark stated: "As of April 10, 2024, the ARK Venture Fund has invested in OpenAI," adding, "OpenAI is at the forefront of the explosion in artificial intelligence capabilities."It is reported that this closed-end Ark fund, launched in September 2022, invests in both public and private companies, including Musk's SpaceX, Epic Games Inc., Freenome Holdings Inc., and Relation Therapeutics, among others.

ChainCatcher news, according to Reuters, Ark Investments and 21Shares have reduced the fees for their proposed spot Bitcoin ETF from 0.25% to 0.21%.

ChainCatcher news, Cathie Wood's fund Ark Investment has reduced its holdings in Coinbase stock for the first time in nearly a year, selling 135,152 shares of Coinbase on July 11, marking the first sale of the stock since July 26, 2022.It is reported that Ark is the fourth largest holder of Coinbase, and a filing submitted yesterday to the Chicago Options Exchange has increased optimism about the potential approval of a Bitcoin ETF in the U.S., causing the stock to rise by 9.8%.

ChainCatcher news, Cathie Wood's ARK Investment states that it will be the first potential company to receive approval for a spot Bitcoin ETF, although the industry believes that if any product gains regulatory approval, BlackRock may be in the lead.Bloomberg Intelligence ETF analysts indicate that 21Shares, ARK, and Cboe are in the top positions, as the SEC's next decision date is August 13, 2023, and we have not yet determined the dates for other 19b-4 applications, such as BlackRock's application. I believe Cboe is seeking to update its 19b-4 rule change proposal to add a supervisory sharing agreement with Coinbase, if they think this could be a pathway to obtaining ETF approval. (source link)

Chain Catcher news, investment advisory giant ARK Investment Management LLC announced the launch of a new fund, the ARK Venture Fund, which is a regulated public fund and will be available on the investment platform Titan, with a minimum investment of only $500, allowing any individual investor in the U.S. to participate without qualification or certification thresholds.According to reports, the ARK Venture Fund stated in its prospectus that the fund can gain indirect exposure to cryptocurrencies by investing in privately offered open-ended investment vehicles, such as the Grayscale Bitcoin Trust product GBTC. (Source link)

Chain Catcher News, Ark Investment announces the expansion of its research department, promoting Brett Winton to Chief Futurist, appointing four senior research analysts as directors, and hiring five research associates.Brett Winton stated, "We believe that as they mutually reinforce and strengthen each other, artificial intelligence, robotics, energy storage, genomic sequencing, and blockchain technology will rise from less than 10% of global public equity market capitalization to over 60% by 2030, representing the largest period of value creation in history. As Chief Futurist, I will drive Ark Investment's long-term forecasts across converging technologies, economies, and asset classes." (Source link)