Ark Invest Buys Bullish for Ten Consecutive Trading Days, Also Increases Holdings in Circle

Odaily News Cathie Wood's Ark Invest has once again increased its holdings in Bullish, the cryptocurrency exchange backed by Peter Thiel, and also purchased shares of Circle, demonstrating its long-term confidence in crypto assets. On that day, Ark bought a total of 364,044 shares of Bullish through three of its ETFs, valued at approximately $11.6 million based on the closing price, marking the tenth consecutive trading day of expanding its position. Bullish has rebounded about 28.3% from its closing low of $24.90 on February 9, closing at $31.88 on Wednesday.

Simultaneously, Ark increased its holdings in Circle by 75,559 shares on that day, valued at approximately $4.4 million. Circle's stock price fell 3.2% that day, closing at $57.86. It has risen 7.8% over the past five days but is still down 30% over the past month.

In terms of the overall market, major U.S. stock indices saw slight declines, with the Dow Jones down 0.1%, the Nasdaq down 0.2%, and the S&P 500 flat. In the cryptocurrency market, Bitcoin rose 0.2% over the past 24 hours, reaching $67,143; Ethereum rose 0.9%, reaching $1,968. (The Block)