ARK Invest "Bought the Dip" with Approximately $19 Million in Crypto-Related Stocks

Odaily News According to disclosure data, as the crypto market declined and Bitcoin once fell to a periodic low, ARK Invest increased its holdings in crypto-related stocks for the second consecutive day, with a single-day purchase scale of approximately $19 million. The data shows ARK bought on Tuesday:

- Circle (CRCL): approximately $2.41 million;

- Bullish (BLSH): approximately $3.46 million;

- Coinbase (COIN): approximately $631,000;

- Robinhood (HOOD): approximately $7.81 million;

- Ethereum treasury company Bitmine Immersion Technologies (BMNR): approximately $3.25 million;

- Jack Dorsey's fintech company Block (XYZ): approximately $1.8 million.

These related holdings were primarily allocated through ARK's ETF products such as ARKK, ARKW, and ARKF. Market analysis suggests that ARK's increased holdings in crypto-related stocks during the market correction phase indicate its continued strategy of buying into core digital asset ecosystem infrastructure companies during dips. (CoinDesk)