CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Voyager Digital USDC Linked Debit Card

      Voyager Digital Launches USDC Linked Debit Card Linked

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Voyager Digital USDC Linked Debit Card

          Voyager Digital Launches USDC Linked Debit Card Linked

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Updates

          Cathie Wood Attracts Big Short Michael Burry For ARK Innovation ETF

          Coinz Press by Coinz Press
          September 11, 2021
          in Updates
          Cathie Wood Attracts Big Short Michael Burry

          From subprime mortgage disaster to ETF ARK, Michael Burry has shifted his focus for the better, (or worse). Many believe that the change of pace from overcoming the mortgage disaster is intriguing for him. After all, ETF ARK is a flagship invention by none other than bitcoin bull Cathie Wood. This invention has been said to fund many big hot-shot firms like GBTC, Tesla, Square, and whatnot. So why would Burry want to turn against ETF ARK? Today, we will focus on the reason why Michael Burry took a dig at the invention by Wood. 

          A Deep Study of The Incident

          Michael Burry is the protagonist famous for the Big Short Movie. The actors have taken a stand against the ARK. It is a creation of Cathie Wood which made its name for being involved with big companies. So where did it go wrong? 

          A source has revealed that in the 13th release in the second quarter, Burry’s mutual fund puts an option against the ETF shares. To talk about it thoroughly, the mutual fund “Scion Asset Management” managed to bring up to $31 million bearish. It put options against the 235,000 ETF shares. One of the reliable methods to take advantage of the decline in the value of the fund or the stock is to present a PUT option. 

          Innovation ETF is one of the ARK’s largest funds. It has placed up to 22.62 billion in assets. Its purpose is to give companies like Coinbase, Grayscale Bitcoin Trust, and Square, Tesla money. In other words, it funds the firms. However, according to the 13 fillings in the second quarter, companies like Bury have reduced the funds from the APK flagship. 

          One of the major things noticed during this time is by Laurion. They hold PUT options of up to $171 million against the 1.3 billion shares of CAM, Moore Capital Management, and Golden Tree Asset Management. Although Cathie Wood is enjoying the challenge and is preparing to rise to the occasion. 

          Her tweet goes on to show her ideals. She posted,

          “It is fair to credit Michael Burry for making a sound decision based on both the fundamentals and the looming crisis in the mortgage/housing market. Unfortunately, Burry doesn’t seem to understand the fundamentals that generate volatile investment and growth opportunities in innovation. “

          What is Wood’s Take on Digital Currency?

          Cathie Wood believes in the power of Bitcoin and other digital currencies. Hence, she has partnered with 21 Swiss-based shares. She wants to create an EFT bitcoin. Moreover, the ARK Invest have successfully made up to 450,000 GBTC shares in just one month with only two purchases. 

          Additionally, it also bought $110 million shares of Coinbase in April. The sources have shared that some of them are for  Innovation ETF. Her interest in management has led her to become a crypto-magnet. Although between both the actor and the businesswomen, there seems to be a growing rift for the market value. 

          Ending Note

          Michael Burry mentioned many occurrences that may take place in the digital currency market. For example, “the greatest of all other crashes.”, “meme stock plummeting” are some of his premonitions that failed. Let’s see how long the rift between Cathie Wood and him continues.

          You may also like: What is CluCoin? Cryptocurrency by Twitch Streamer DNP3

          Share76Tweet47

          Related Posts

          Passive Income Ideas: Best Ways To Make Money Online

          Passive Income Ideas: Best Ways To Make Money Online

          November 8, 2022
          KuCoin Trading Password: How to Reset It?

          KuCoin Trading Password: How to Reset It?

          November 8, 2022
          Preference Shares vs Ordinary Shares: Types Of Shares

          Preference Shares vs Ordinary Shares: Types Of Shares

          November 8, 2022
          Flight Centre Shares: Should You Invest In 2022?

          Flight Centre Shares: Should You Invest In 2022?

          November 8, 2022
          Aldi Share – How To Invest In Aldi?

          Aldi Share – How To Invest In Aldi?

          November 8, 2022
          Ford Stock Forecast

          Ford Stock Forecast 2022, 2023, 2025, 2030, 2040, 2050

          November 7, 2022
          ADVERTISEMENT

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press