Cathie Wood’s ARK adds $43.5M in crypto stocks amid market dip
CoinTelegraph·
60-second summary
Cathie Wood's ARK Invest is adding $43.5 million in crypto stocks, focusing on Coinbase and Circle, whose shares have plummeted 17% and 27.6% over the past month, respectively. This strategic move comes as the market experiences a dip, with ARK Invest capitalizing on undervalued assets. Market sentiment remains cautious, but ARK's bold bet could pay off as prices recover.
ARK Invest's biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively, over the past month.