Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Cathie Wood-led Ark Invest on Tuesday lowered its exposure in PayPal Holdings Inc (NASDAQ:PYPL) on the day shares of the payments company rose.
Shares of Paypal closed 2% higher at $260.15 a share on Tuesday. The stock has a 52-week high of $310.16 a share and has risen 12.2% so far this year.
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The popular money manager sold PayPal shares via the Ark Next Generation Internet ETF (NYSE:ARKW) on Tuesday. Ark Invest also owns shares in PayPal via the Ark Fintech Innovation ETF (NYSE:ARKF).
The two ETFs held 703,933 shares — worth $179.5 million — in PayPal ahead of Tuesday’s trade.
See Also: Cathie Wood's Ark Invest Sheds Another $35M In Square, Snaps $19M in Roku
Here are some of the other key trades for Ark on Tuesday:
- Bought 35,194 shares — estimated to be worth $8.3 million — in Jack Dorsey-led Square Inc (NYSE:SQ). Shares of the payment company closed 4.3% higher at $235.98 a share on Tuesday.
- Sold 26,237 shares — estimated to be worth $1.67 million — in BYD Co (OTC:BYDDY). Shares of the Chinese automaker closed 3.72% higher at $63.63 a share on Tuesday.
- Bought 151,697 shares — estimated to be worth $6.37 million — in Robinhood Markets Inc (NASDAQ:HOOD) on the day shares closed 2.64% higher at $42.01 a share.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.