Ark Invest Deploys Capital Across Three ETFs for Major Crypto Stock Purchase
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In a series of trades detailed in its daily disclosure, Ark Invest allocated over $42 million into three crypto-related stocks during Wednesday’s market dip. The firm’s acquisitions were spread across its key innovation-focused funds:
- ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) collectively bought 216,019 shares of Circle Internet Financial (USDC stablecoin issuer) for $17.7M.
- The same three ETFs purchased 463,598 shares of Bullish (crypto exchange) for $16.9M.
- They also acquired 260,651 shares of BitMine Immersion Technologies (Ethereum treasury company) for $7.6M.
The buying occurred as these stocks closed down between 3.6% and 9.6%, coinciding with a broader pullback in the crypto market.
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