Cathie Wood’s Ark Invest Adds $24.8M in Crypto-Linked Stocks as Bitcoin and Exchange Volumes Slide
On Monday, Cathie Wood's Ark Invest disclosed that it bought about $24.8 million in crypto-focused equities, including large allocations to Robinhood, BitMine, Circle, Bullish, Block, and Coinbase, even as digital assets and related stocks declined. The firm concentrated purchases in its ARK Innovation and ARK Blockchain & Fintech Innovation ETFs, while Bitcoin traded below $80,000 and spot volumes on centralized exchanges dropped sharply from October to January.