ARK Invest, led by Cathie Wood, has increased its exposure to crypto-linked equities despite ongoing market volatility. The ARK Innovation ETF (ARKK) added 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) acquired an additional 3,325 shares, totaling approximately $9.4 million. Additionally, ARK expanded its positions in Circle Internet Group and Bullish, with new investments of $9.2 million and $3.2 million, respectively.
These moves reflect ARK's strategy to lean into crypto-sensitive equities, even as the sector faces a downturn. The firm has articulated a long-term vision for the crypto market, projecting it could reach $28 trillion by 2030. ARK's recent trades underscore its confidence in the potential of crypto infrastructure and on-ramps, despite short-term market pressures.
ARK Invest Increases Holdings in Coinbase and Circle Amid Market Volatility
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