Cathie Wood of ARK Invest shows confidence in latest investment, purchasing $182 million in BitMine Immersion Technologies shares, pivoting toward Ethereum over Bitcoin. Wood sees exponential opportunity ahead as BitMine shifts to ETH as treasury asset, expecting to reach 5% of ETH. Fundstrat’s Tom Lee bullish on ETH, predicting $15,000 price due to tokenization and stablecoin boom. Chief Investment Officer Matt Hougan of Bitwise Asset Management also confident in ETH’s rally, citing demand from ETPs and corporate treasuries since mid-May.

Read more at Yahoo Finance: Cathie Wood calls latest investment a ‘vote of confidence’