Cathie Wood’s ARK adds Coinbase, Circle, Bullish as crypto slides
Cathie Wood’s ARK Invest has increased its holdings in crypto-linked stocks, purchasing shares of Coinbase, Circle, and Bullish as the crypto market declines. ARK's Innovation ETF bought 38,854 shares of Coinbase and 129,446 shares of Circle, totaling around $18.6 million. Despite the downturn, ARK remains optimistic about the crypto market's potential growth to $28 trillion by 2030, driven by Bitcoin adoption. The firm also trimmed positions in other stocks, including Meta Platforms, amid a challenging quarter for its ETFs.
Cointelegraph·