TL;DR
- Cathie Wood doubles down on Bitcoin and files with the SEC to launch three new ETFs amid the surge in spot products.
- The lineup includes the ARK Bitcoin Yield ETF, focused on generating cash flow, and the DIET Bitcoin ETFs, designed to provide downside protection without losing exposure to the asset.
- ARK Invest holds positions in Circle, Coinbase, Robinhood, Block, and other crypto firms, and is expanding into tokenization through an investment in Securitize.
Cathie Wood is renewing her bet on Bitcoin as competition in the ETF space intensifies.
ARK Invest, her asset management firm, has filed with the SEC to launch three new exchange-traded funds targeting different profiles of institutional and retail investors. The decision comes amid strong demand for spot products, fueled by comments from Federal Reserve Chair Jerome Powell hinting at possible rate cuts.
Cathie Wood Reaffirms Her $1.5 Million Bitcoin Forecast
Wood remains openly bullish on Bitcoin and has reiterated her long-term price target of $1.5 million per coin. Her strategy reflects a firm conviction in BTC’s potential as a digital store of value and a cornerstone of future financial infrastructure.
Following the crypto market crash over the weekend of October 10, spot Bitcoin ETFs saw outflows of $326.4 million. However, just a day later—after Powell’s remarks—they rebounded with $102.7 million in new inflows. That same day, ARK submitted its filings to the SEC.
The New ARK Invest ETFs
The proposed funds aim to expand access to BTC. The ARK Bitcoin Yield ETF seeks to generate cash flows from Bitcoin holdings, while the ARK Defined Income Exposure & Target (DIET) Bitcoin ETFs are designed to offer downside protection without losing core exposure. Wood’s firm intends to provide options for investors seeking yield, protection, or direct exposure to the Bitcoin market.
ARK Invest already holds stakes in several key crypto companies, including Circle, the issuer of USDC; Coinbase, the largest U.S. exchange; Robinhood, which offers crypto assets and tokenized stocks; Bitmine Immersion Technologies, linked to Ethereum; Block, the Bitcoin-focused fintech founded by Jack Dorsey; and Bullish, an institutional exchange. Wood has also expanded into the tokenization market through an investment in Securitize, a firm that issues and manages tokenized assets.
The launch of these new ETFs aligns seamlessly with Wood’s view that Bitcoin is not merely a speculative asset but a fundamental component of the financial system’s transformation
