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Edition 2026-06-30

CRYPTO

Ark Invest Purchases $43.5 Million in Crypto-Related Stocks

ARK Invest, the technology‑focused asset manager led by Cathie Wood, bought approximately $43.5 million of crypto‑related stocks over three trading days, adding to its exchange‑...

By cointelegraph · 117d ago · Source: cointelegraph

Full article

ARK Invest, the technology‑focused asset manager led by Cathie Wood, bought approximately $43.5 million of crypto‑related stocks over three trading days, adding to its exchange‑traded funds as the market for those securities declined and Bitcoin slipped near $58,000. The purchases occurred as investor sentiment turned bearish on crypto‑linked equities, with Coinbase, Circle, Bullish, Robinhood and other firms seeing their share prices drop 16% to 27% over the past month. ARK added 122,544 Coinbase shares valued at about $18.6 million and 169,777 Circle shares valued at roughly $12.9 million, alongside $5.2 million of Bullish, $5.12 million of Robinhood, and $1.69 million of SoFi Technologies. Most of the new holdings were incorporated into the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), with additional allocations to the ARK Blockchain & Fintech Innovation ETF (ARKF). The firm also reduced positions in Alibaba, Roku, Strata Critical Medical and several other companies. The moves reflect ARK’s strategy to capitalize on price declines, while the broader crypto sector remains volatile amid regulatory uncertainty and continued pressure on Bitcoin’s price.

Source transparency

Publisher
cointelegraph
Reliability
high
Published
6/30/2026, 10:00:22 AM
Retrieved
6/30/2026, 10:00:22 AM
Relevance
80%
Confidence
85%
Read original at cointelegraph

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