After paring back on Tesla (TSLA) shares in the Ark Innovation ETF (ARKK), the firm has recently started to add to its position again. Ark Invest CEO Cathie Wood tells Yahoo Finance’s Julie Hyman that the decisions by General Motors (GM) and Ford (F) to delay some of their EV investments was a “telltale” sign that Tesla is in position to gain market share, calling the automakers’ decisions “puzzling.” The move comes as Tesla CEO Elon Musk’s X platform (formerly Twitter) is suffering from a decline in ad revenue, raising concerns he may have to sell Tesla shares. Wood, however, doesn’t seemed to be concerned, claiming that the platform’s traffic is rising and that ultimately “advertising will follow traffic.” “His [Musk’s] reason for buying X we believe is sound and will be successful,” Wood adds.
Ark is one of the firms that has applied for a spot bitcoin ETF and is currently awaiting a decision from the US Securities and Exchange Commission. Wood is hopeful that Ark’s application will be approved, saying that “After being denied several times by the SEC, without hearing from anyone at the SEC, we and others we know have gotten questions from the SEC, very thoughtful, detailed, technical questions. That’s a very positive move.” Overall, she says the “outlook is bright” for a spot bitcoin ETF and that she does think approval will come in January. With bitcoin (BTC-USD) prices rising in anticipation of an ETF approval, Wood does think investors will “sell on the news,” but that longer term, by the SEC approving these ETFs, institutional investors will be able to invest more in the crypto space, with those inflows helping to prop up the price.
When it comes to the flagship Ark Innovation ETF, Wood says the fund is “diversifying once again. We are adding back some stocks that we sold and… we are looking forward to the IPO window opening again.” Wood thinks that with interest rates likely peaking, more companies could go public and that Ark will be “eager investors.” So what companies is Wood hoping will go public? She says she would like to see companies like SpaceX, Anthropic, Databricks, and Discord hit the public market.
Key video moments
00:00:25 Wood discusses her Tesla investment and the EV company’s autonomous driving future
00:04:05 Is Wood concerned about issues at X impacting Tesla?
00:07:18 Wood explains why “the outlook is bright” for a spot bitcoin ETF
00:09:30 Why bitcoin could sell off if a spot ETF is approved
00:15:15 Why Ark could be “eager investors” in the IPO market
00:17:13 Why Wood wants to see companies like SpaceX, Anthropic, and Databricks go public
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I hate X. Its the most toxic sm platform out here
how about NVTA
Cathie has a very good perspective.
Cathy speaks like a politician. Quite lame. Everything she says is sanitized before it finds its way to her lips
Do they renew the certificate
Banking information therapy, rupees and Islam. All hand written therapy without schizophrenia. It’s all paperwork of notoriety notes. It’s all personal bankers using single use withdrawals of presaved personal therapy notes and documents. Thus, the people who use digital currency say that they don’t believe it is real but because they are stalkers and make schizophrenia, they steal by hacking all surveillance cameras and personal footage and audio recordings. Like, the whole point of personal hand written work memorabilia timelines for therapy would be ruined. Thus, they make the museum businesses difficult for all persons involved. Like it is impossible to believe that wealthy people would go into debt over their banking because they don’t follow reporting laws of hand written therapy work.
Regarding how the program of lying about true money and outcomes is the financial roleplaying game of society…
Like everyone has to use digital currency and have their money in a currency other than a specified notoriety note for manufacturers and equivalence of current day…
The secret about the military cuteness programs for social media, is that the people paying them aren’t cute. And will be considered cute. Regarding how it is preparation for seriousness.
Babylon preschool in New York about Israel territory; what if it was an Islam pre-therapy school? What if the Islam group was the only all in one nonprofit? What if what happened was schizophrenia and ichizophrenia. Instead of spain and Israel it was Spain and Islam; but because everyone did only hand written work, no one saw the truth of how mean and how much wrong and how much damage was done. In hand written work it was ‘homos’ during the confidential agreements with school therapists; homosexuals were the big topic about fighting not hamas.
Cathy bag holder
It’s actually her clients who hold the bags. She keeps their money whether she wins or loses, and she usually loses.
Hive Digital Technologies (NASDAQ:HIVE) operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins.
Based on analysts offering 12 month price targets for Hive (NASDAQ:HIVE), the median price target is $6.00 with a high estimate of $6.50 representing a +30% increase from its recent price of $4.98.
Good interview 👍
❤Good evening everyone, I want to do my best simplicity 😢 sonó al letto scolto nostro paese e vedo tanta problema económico 👌 e Vero triste e solucionar sarebe lameglior cosa un buon café e viva la américa ☕🗽💹🪽👪
she took all your money, she is getting rich on fees at your expense, just buy Tesla on your own
E ok
I was a long-term investor until Biden took office. Too much uncertainties when he got in…
and look at the returns this year
Woa! Woa! Woa! Comparing accident rate of autonomous Tesla driving vs. that of all non-automous non-Tesla driving is like comparing apples and oranges, totally invalid. Teslas owners are older, more mature and far safer drivers than are all other drivers, which includes massive numbers of much younger and far more careless drivers.
And the fully automated Tesla can be totally controlled without your authorization at any time only allow you to drive at certain times as someone else deems necessary and only allow you to go certain places as someone else will control for you😂😂😂😂😂😂😂😂😂😂😂😂😂
The microchip sector is what we all gotta invest in to meet the consumer demand we need to triple that industry. We have no choice since china makes them all and we need them. Soon china will not be able to produce them
ICP is the savior, the messiah of BTC,ETH Solana onchain WEB 3 a new World , and is not hackable, infinitely scalable
Well, my book spoke about our savior arriving, claimed him to be charming.
Self crashing cars! Anyone ever experience their computer freezing?
This host is very rude. In an episode she shushed an African-American cohost by putting her hand in front of her.
This chick had one good year.. when her fund was small. She’s lost far more than she’s made her clients
I wont be buying ARK or Blackrocks’s BTC ETF. Thankfully there will be a few other choices
Bullshit
The SEC IS $, DRIVEN…
GM and Ford have always been stupid companies, It’s only a matter of time before they go completely out of business.
A spot Bitcoin ETF is to the financial world What legalizing marijuana and psychedelic mushrooms is to the losers of society, It’s pandering to the worst. And the unintended consequences are going to Accelerate the decline of society.
Bitcoin is an Asset class much the same way that tulips were an asset class except that tulips had some intrinsic value
Tesla is so far ahead on autonomy that when that becomes apparent in six months or so that other car companies will either be choosing to not have autonomous driving or will be negotiating licensing. In North America, the resulting monopoly will probably lead to Self Driving being the first nationally regulated utility.