Cathie Wood’s Ark Invest stocks up on Coinbase, Circle and Bullish shares
The Block
Ark Invest increased its holdings in Coinbase, Circle, and Bullish across its ETFs on Tuesday.Summary
Cathie Wood's Ark Invest expanded its crypto-related equity exposure on Tuesday by purchasing shares across its ARK Innovation ETF (ARKK) and ARK Fintech Innovation ETF (ARKF). The firm bought a combined $3 million worth of Coinbase Global shares and $3.1 million worth of Circle Internet Group shares. Additionally, ARKF acquired $1.1 million in Bullish shares. These purchases occurred while Coinbase and Circle shares traded relatively flat. This activity follows recent significant purchases by Ark Invest in Bullish and Circle shares last week. Bullish, a crypto exchange backed by Peter Thiel, is scheduled to release its third-quarter results later the same day.
(Source：The Block)