Cathie Wood’s ARK Invest has shifted its focus to Ethereum, making significant investments in the digital asset and signaling a growing institutional interest in its long-term potential.

Ark Invest has made significant sales of Coinbase and Robinhood shares, while Bitcoin ETFs experience a surge in inflows, amidst a maturing market with decreasing volatility.

Ark Invest’s recent moves, including a strategic sell-off of Coinbase and Robinhood shares, suggest a cautious approach to the crypto market, but growing institutional interest in Bitcoin ETFs may provide a buffer against potential downturns.

ARK Invest has revised its Bitcoin price target to $2.4 million by 2030, citing growing institutional interest and acceptance of Bitcoin as ‘digital gold’.