Ark Invest Doubles Down on Crypto amid Market Dip, Focusing on Stablecoins

Even as the cryptocurrency market faces a significant decline, Ark Invest has been expanding its crypto holdings. The firm recently made major purchases of shares in prominent crypto-related companies such as Coinbase, BitMine, and Circle. This follows a substantial investment spree this week through its ARKK, ARKW, and ARKF exchange-traded funds (ETFs). Ark’s investments totaled $10.1 million for Coinbase, $9.9 million for BitMine, $9 million for Circle, and $9.65 million for Bullish.