Original Author: Andjela Radmilac

Original Translation: Luffy, Foresight News

ARK Invest, led by Cathie Wood, purchased a total of $77 million worth of publicly listed crypto company stocks in June. According to ARK’s daily trading disclosures, during Bitcoin’s worst monthly performance in four years, the fund added $44 million to Coinbase, $25.25 million to Circle, and $8.2 million to Bullish.

For years, Wood and numerous institutions have adhered to the same investment logic: publicly listed crypto companies offer investors a compliant channel to gain exposure to the crypto industry cycle’s benefits without directly holding Bitcoin. However, an analysis of market data by CryptoSlate as of July 2 reveals the significant hidden costs of…