Ark Invest Scoops Up Block, Circle, and Crypto Stocks During Market Sell-Off
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- Ark Invest purchased over $150M in crypto equities during the market downturn.
- The firm added Block, Circle, Coinbase shares as stocks fell 20-51% from highs.
- Ark increases exposure to crypto companies, while Bitcoin drops 30% from its October peak.
Ark Invest has increased its holdings in crypto-related equities during the recent market downturn, deploying approximately $150 million into the sector over the past week. The firm made additional purchases on Tuesday as Bitcoin fell from its peak.
According to trade filings, Ark Invest acquired $13.5 million in Block Inc. shares, $7.6 million in Circle Internet Group stock, and $3.86 million in Coinbase shares on Tuesday. The purchases occurred across several of the firm’s exchange-traded funds.
ARKK Fund Holds Coinbase as Fourth-Largest Position
The Ark Innovation ETF (ARKK) executed most of the purchases. Coin…
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Ark Invest Scoops Up Block, Circle, and Crypto Stocks During Market Sell-Off
Share:
- Ark Invest purchased over $150M in crypto equities during the market downturn.
- The firm added Block, Circle, Coinbase shares as stocks fell 20-51% from highs.
- Ark increases exposure to crypto companies, while Bitcoin drops 30% from its October peak.
Ark Invest has increased its holdings in crypto-related equities during the recent market downturn, deploying approximately $150 million into the sector over the past week. The firm made additional purchases on Tuesday as Bitcoin fell from its peak.
According to trade filings, Ark Invest acquired $13.5 million in Block Inc. shares, $7.6 million in Circle Internet Group stock, and $3.86 million in Coinbase shares on Tuesday. The purchases occurred across several of the firm’s exchange-traded funds.
ARKK Fund Holds Coinbase as Fourth-Largest Position
The Ark Innovation ETF (ARKK) executed most of the purchases. Coin…
Read The Full Article Ark Invest Scoops Up Block, Circle, and Crypto Stocks During Market Sell-Off On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Why Bitcoin faces a brutal liquidity trap because China’s $298B of US Treasuries are up for sale