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 Investment Management has bought 628,060 shares of clinical-stage biopharmaceutical company Fate Therapeutics Inc. (NASDAQ:FATE) through two of the firm’s exchange-traded funds (ETF) valued at over $20 million based on Thursday’s closing price.
Fate Therapeutics is the 21st largest holding in Ark Innovation ETF (NYSE:ARKK), the firm’s flagship fund, with a weight of 2.08%. The fund holds over 6.5 million shares of the firm valued at over $211 million, according to its website.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The stock has gained over 9% in a month. Fate Therapeutics recently reported revenues of $18.5 million for the second quarter of 2022. Its earnings per share stood at $-0.79 against the estimate of $-0.82 according to Benzinga Pro.
Twitter share sale: Ark Investment Management has sold 1,451 shares of Twitter Inc (NYSE:TWTR) valued at over $63,000 via two of its funds.
Other Major Trades: Cathie Wood also bought 100,852 shares of Teladoc Health Inc (NYSE:TDOC) valued at over $3.8 million via four of the firm’s funds. Wood sold over 1.3 million shares of Compugen Ltd. (NASDAQ:CGEN) valued at over $1.9 million through two of the firm’s funds.
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.