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ARKK Sep 2024 68.000 call

OPR - OPR Delayed Price. Currency in USD
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0.11000.0000 (0.00%)
As of 10:41AM EDT. Market open.
Full screen
Previous Close0.1100
Expire Date2024-09-20
Day's Range0.0600 - 0.1100
Contract RangeN/A
Open Interest213
  • Yahoo Finance Video

    Spot bitcoin ETF issuers: What you need to know

    On Wednesday, January 10, the US Securities and Exchange Commission approved eleven spot bitcoin ETFs. Among the approved spot bitcoin ETFs were ones from Grayscale, Fidelity, and Bitwise. Yahoo Finance sat down with some of spot bitcoin ETF issuers this week. Here are some of their top takeaways. Ark Invest Founder, CEO, & CIO Cathie Wood (00:00:17) Ark Invest Founder, CEO, and CIO Cathie Wood notes three of the “competitive advantages” in Ark Invest's ETF, the ARK 21Shares Bitcoin ETF (ARKB). “One is our infrastructure and operation,” Wood says, “the second is research… The third competitive advantage we have is a sales force that started selling our exposure to bitcoin in 2016.” Wood adds, “we are looking at bitcoin as a public good. It is essentially, from a technology point of view… going to be the financial super highway of the internet.” Grayscale CEO Michael Sonnenshein (00:01:09) Grayscale CEO Michael Sonnenshein discusses “three things” regarding fees as the company’s spot bitcoin ETF, Grayscale Bitcoin Trust (GBTC), is charging a 1.5% fee, which is above many of the other spot bitcoin ETF fees. “Number one, we made a commitment to our investors that we would lower our fees… we made good on that promise and we’ve reduced fees by 25 percent,” Sonnenshein explains. “Number two, investors should have choice… And three… GBTC is differentiated. It brings a market value to investors that I think they know and appreciate.” Bitwise Asset Management CIO Matt Hougan (00:02:02) Bitwise Asset Management CIO Matt Hougan explains “two things” he thinks investors will look for in spot bitcoin ETFs. One is “what is the lowest fee product, cause the less you pay the more you get in finance,” Hougan notes. “And then who has the support systems to provide research and answers and data to execute trades well… the combination of crypto expertise and low cost, we think is a winner for” the company's spot bitcoin ETF, Bitwise Bitcoin ETF (BITB). WisdomTree Global Head of Research Christopher Gannatti (00:02:22) WisdomTree Global Head of Research Christopher Gannatti discusses why “it's going to be among the most competitive dynamics that we believe we have seen at WisdomTree in the ETF industry.” “Everyone is providing exposure to the same underlying spot oriented bitcoin ETFs. Many of the providers also waving the fees to zero, at least initially for various points of time and amounts,” Gannatti notes. The firm manages its own bitcoin fund under the ticker (BTCW). Senator Cynthia Lummis (R-WY) (00:03:12) Senator Cynthia Lummis (R-WY) explains that “when the traditional financial services industry has now adopted and recognized the long-term benefits of bitcoin specifically, as part of a diversified asset allocation. It helps make the case for having a robust, regulatory framework for digital assets so that investors can begin to further diversify their investments and incorporate a long-term store of value like bitcoin into their investment strategies.”

  • Yahoo Finance Video

    Cathie Wood, Meredith Whitney and more: C-Suite Insights

    Yahoo Finance sat down with top leaders across different industries to discuss topics including the IPO market in 2024, luxury automobiles, and the housing market in the United States. Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood discusses the IPO market in 2024, Tesla, and a spot bitcoin ETF. "Now what we're seeing is we're diversifying once again. We're adding back... some stocks that we've sold... we're looking forward to the IPO window opening again," Wood says, especially in AI, as well as other innovation spaces. On Tesla (TSLA), Wood says, "we do believe that Tesla is in the pole position to be the autonomous taxi platform in the United States." Wood adds, "the outlook is bright for a... spot bitcoin ETF and we do think it will be in January." Automobili Pininfarina (PINF.MI) CEO Paolo Dellachà notes the "key elements" of being in "the luxury segment" as an ultra-luxury auto designer. "To stay in the luxury segment, is definitely a lot about technology, about performance. But still the key elements of Battista and everything Pininfarina... will also develop in the future, start and originates from the vision about the design," Dellachà explains. "For us, it was about embracing the future and also embracing the technology that not only allow us to have a car which is emission-free, is also allowing the car to have the highest level of performance that you can now achieve today. And this comes with electric." Meredith Whitney LLC Founder Meredith Whitney explains the "silver tsunami" in the housing market in the U.S. "The U.S. economy is remapping itself regionally," Whitney says, "you see population migration going along the lines of economic opportunity and economic growth." "The other major demographic trend you see, is the aging of America... the 'silver tsunami' is 10,000 people a day turning 65 and by 2030, the entire baby boomer... generation will be over 65." Whitney explains that "AARP estimates that 51 percent of people over 50 downsized their home and people over 50 are 74 percent of total U.S. homeowners. So if you just take... half of that you've got about 30 million homes that should be coming on the market." Key video moments: 00:00:05 - Ark Invest CEO Cathie Wood 00:00:46 - Automobili Pininfarina CEO Paolo Dellachà 00:01:32 - Meredith Whitney LLC Founder Meredith Whitney

  • Yahoo Finance Video

    Cathie Wood talks Tesla, Elon Musk, & spot bitcoin ETF approval

    After paring back on Tesla (TSLA) shares in the Ark Innovation ETF (ARKK), the firm has recently started to add to its position again. Ark Invest CEO Cathie Wood tells Yahoo Finance's Julie Hyman that the decisions by General Motors (GM) and Ford (F) to delay some of their EV investments was a "telltale" sign that Tesla is in position to gain market share, calling the automakers' decisions "puzzling." The move comes as Tesla CEO Elon Musk's X platform (formerly Twitter) is suffering from a decline in ad revenue, raising concerns he may have to sell Tesla shares. Wood, however, doesn't seemed to be concerned, claiming that the platform's traffic is rising and that ultimately "advertising will follow traffic." "His [Musk's] reason for buying X we believe is sound and will be successful," Wood adds. Ark is one of the firms that has applied for a spot bitcoin ETF and is currently awaiting a decision from the US Securities and Exchange Commission. Wood is hopeful that Ark's application will be approved, saying that "After being denied several times by the SEC, without hearing from anyone at the SEC, we and others we know have gotten questions from the SEC, very thoughtful, detailed, technical questions. That's a very positive move." Overall, she says the "outlook is bright" for a spot bitcoin ETF and that she does think approval will come in January. With bitcoin (BTC-USD) prices rising in anticipation of an ETF approval, Wood does think investors will "sell on the news," but that longer term, by the SEC approving these ETFs, institutional investors will be able to invest more in the crypto space, with those inflows helping to prop up the price. When it comes to the flagship Ark Innovation ETF, Wood says the fund is "diversifying once again. We are adding back some stocks that we sold and... we are looking forward to the IPO window opening again." Wood thinks that with interest rates likely peaking, more companies could go public and that Ark will be "eager investors." So what companies is Wood hoping will go public? She says she would like to see companies like SpaceX, Anthropic, Databricks, and Discord hit the public market. Key video moments 00:00:25 Wood discusses her Tesla investment and the EV company's autonomous driving future 00:04:05 Is Wood concerned about issues at X impacting Tesla? 00:07:18 Wood explains why "the outlook is bright" for a spot bitcoin ETF 00:09:30 Why bitcoin could sell off if a spot ETF is approved 00:15:15 Why Ark could be "eager investors" in the IPO market 00:17:13 Why Wood wants to see companies like SpaceX, Anthropic, and Databricks go public