ARK Invest Buys Crypto Stocks as Market Slumps

Cathie Wood’s ARK Invest significantly boosted its holdings in cryptocurrency-focused stocks on Wednesday. The firm bought Bullish, Circle Internet Group, and BitMine Immersion Technologies through various exchange-traded funds (ETFs) as crypto equities continued to decline. ARKF (the Fintech Innovation ETF), ARKW (the Next Generation Internet ETF), and ARKK (the Innovation ETF) all saw substantial purchases. The move comes after ARK’s crypto stocks have experienced a downward trend, with shares of Bullish, Circle, BitMine, and Strategy all experiencing losses.