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NickTeo
2021-05-12

You are a loser. Good that you cut your stake

A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%

Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month

A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%

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Good that you cut your stake","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/193714153","repostId":1158302415,"repostType":4,"repost":{"id":"1158302415","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620818312,"share":"https://www.laohu8.com/m/news/1158302415?lang=&edition=full","pubTime":"2021-05-12 19:18","market":"us","language":"en","title":"A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%","url":"https://stock-news.laohu8.com/highlight/detail?id=1158302415","media":"Benzinga","summary":"Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month","content":"<p>Cathie Wood-led Ark Invest has&nbsp;shed a significant stake in&nbsp;<b>Silvergate Capital Corp</b>(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution&nbsp;could be a prime beneficiary of increased crypto adoption.</p><p><b>What Happened:</b>&nbsp;The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.</p><p>The investment firm, which has been snapping up U.S. cryptocurrency exchange desk&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN), holds positions in Silvergate via its&nbsp;<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) and the&nbsp;<b>ARK Next Generation Internet ETF</b>(NYSE:ARKW).</p><p>Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.</p><p>In value terms, the investment firm’s consolidated stake is down to $65.07&nbsp;million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.</p><p>Currently, Ark owns a total of 764,617 Silvergate&nbsp;shares, a majority of them in ARKW, down from&nbsp;1,868,608 shares in mid-April.</p><p><b>Price Action:</b>&nbsp;Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.</p><p>On Tuesday, Silvergate shares closed 2.4% lower at $85.1.</p><p><b>Bitcoin</b>(BTC)&nbsp;is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Month Into Spelling The Bull Case For Silvergate, Cathie Wood's Ark Invest Has Cut Stake In Bitcoin Play By 59%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-12 19:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cathie Wood-led Ark Invest has&nbsp;shed a significant stake in&nbsp;<b>Silvergate Capital Corp</b>(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution&nbsp;could be a prime beneficiary of increased crypto adoption.</p><p><b>What Happened:</b>&nbsp;The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.</p><p>The investment firm, which has been snapping up U.S. cryptocurrency exchange desk&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN), holds positions in Silvergate via its&nbsp;<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) and the&nbsp;<b>ARK Next Generation Internet ETF</b>(NYSE:ARKW).</p><p>Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.</p><p>In value terms, the investment firm’s consolidated stake is down to $65.07&nbsp;million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.</p><p>Currently, Ark owns a total of 764,617 Silvergate&nbsp;shares, a majority of them in ARKW, down from&nbsp;1,868,608 shares in mid-April.</p><p><b>Price Action:</b>&nbsp;Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.</p><p>On Tuesday, Silvergate shares closed 2.4% lower at $85.1.</p><p><b>Bitcoin</b>(BTC)&nbsp;is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158302415","content_text":"Cathie Wood-led Ark Invest has shed a significant stake in Silvergate Capital Corp(NYSE:SI), a month into saying that the cryptocurrency-focused financial institution could be a prime beneficiary of increased crypto adoption.What Happened: The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when itlast issued a bullish commentary on the stock.The investment firm, which has been snapping up U.S. cryptocurrency exchange desk Coinbase Global Inc(NASDAQ:COIN), holds positions in Silvergate via its Ark Fintech Innovation ETF(NYSE:ARKF) and the ARK Next Generation Internet ETF(NYSE:ARKW).Ark Invest had already sold some of its stake in Silvergate in the runup before Coinbase’sdebutin April.In value terms, the investment firm’s consolidated stake is down to $65.07 million from $248.5 million, a drop of about 73.8% since April 19. In volume terms, ARKW unloaded over half a million shares and ARKF shed 459,733 shares, during the period.Currently, Ark owns a total of 764,617 Silvergate shares, a majority of them in ARKW, down from 1,868,608 shares in mid-April.Price Action: Silvergate Capital shares have plunged 36% since April 19, despite anearnings beatreported during the month. Shares of ARKF and ARKW have fallen over 11% during the period. During the period, Coinbase shares have fallen 9%.On Tuesday, Silvergate shares closed 2.4% lower at $85.1.Bitcoin(BTC) is up 2.4% over 24 hours at $57,191.63 at press time on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}