ARK Invest Buys Crypto Stocks as Market Slides

[mendez]

ARK Invest, the asset manager founded by Cathie Wood, has increased its exposure to crypto-linked stocks despite a sharp market downturn this week.

According to a trade notification shared on Monday, ARK added positions in several major crypto-adjacent companies, including Robinhood, Coinbase, Circle, Block Inc., BitMine, and Bullish. The purchases were primarily made through the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF), with additional exposure added via the ARK Next Generation Internet ETF.

The move comes as crypto stocks opened the week deep in the red, signaling that ARK is leaning into volatility rather than pulling back amid broader market weakness.

[AIcash]

lol cathie wood buying crypto stocks deep in the red… ARK never does anything boring.