CoinDesk Podcast Network Cathie Wood's ARK Invest Loads Up on ETH Treasury Bet Through Bitmine Shares | COINDESK DAILY
Jul 23, 2025
Cathie Wood's ARK Invest makes headlines with a hefty $116 million investment in Bitmine Immersion Technologies, signaling a strong interest in Ethereum. Meanwhile, the crypto market sees a rally in Solana, sparking discussions on institutional investments. JPMorgan is eyeing opportunities in crypto-backed loans, further indicating the sector's growing mainstream acceptance. Plus, learn about Midnight, an innovative blockchain focused on enhancing privacy, allowing users to control what data they share. The future of crypto looks exciting!
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ARK Invest's Bold ETH Treasury Bet
- Cathie Wood's ARK Invest bought $116 million in Bitmine shares to bet on Ethereum treasuries.
- Bitmine holds over 300,000 ETH tokens and plans to stake up to 5% of Ethereum's supply.
Solana's Price Surge Factors
- Solana surged past $200 due to Jito's Block Assembly Marketplace improving transaction sequencing.
- Institutional inflows and ETF pre-commitments boosted Solana's price by 33% in July.
JPMorgan's Crypto-Backed Loan Plans
- JPMorgan plans to offer loans backed by crypto assets like Bitcoin and Ether, expanding digital asset services.
- This marks a shift from CEO Jamie Dimon's earlier skepticism towards Bitcoin.