ARK Invest Buys $19M in Crypto Stocks Amid Market Slump 🇺🇸🪙
ARK Invest doubled down on its dip-buying strategy, snapping up nearly $19 million in crypto-related stocks as the market slid. The firm added positions in $CRCL ($2.41M), $BLSH ($3.46M), and $COIN ($631K), while making larger buys in $HOOD ($7.81M), $BMNR ($3.25M), and $XYZ ($1.8M). These purchases span ARK’s ARKK, ARKW, and ARKF ETFs.
The move comes as crypto equities sank alongside digital assets, with ₿ Bitcoin dipping to $73,100, its weakest level since late 2024. ARK’s continued accumulation signals long-term conviction despite near-term volatility. 📉➡️📈$BTC
BTC
70,850.89
+10.46%
ETH
2,081.08
+10.05%