Grayscale’s Ethereum Trust Premium Follows Bitcoin Sibling Into Flipping Negative – Yahoo Finance

Bloomberg

Cathie Wood’s Power in Some Stocks Is Even Bigger Than It Seems

(Bloomberg) — A rough week for Cathie Wood is reminding Wall Street that Ark Investment Management has a lot of cash in not that many companies. In fact, the firm’s dominance in some stocks may be even greater than it seems.Ark now owns more than 10% of at least 29 companies via its exchange-traded funds, up from 24 just two weeks ago, according to data compiled by Bloomberg.Less discussed are holdings of Nikko Asset Management, the Japanese firm with a minority stake in Ark that it has partnered with to advise on several funds.When combined, the pair own more than 25% of at least three businesses: Compugen Ltd., Organovo Holdings Inc. and Intellia Therapeutics Inc. Together they control 20% or more of an additional 10 companies.These concentrations would appear to exist because several Nikko products follow the

Continue reading this atricle at https://finance.yahoo.com/news/grayscale-ethereum-trust-premium-follows-230654270.html