ARK Buys Crypto Stocks as Market Pullback Hits ETFs –
Cathie Wood is leaning into the pullback. As crypto-linked stocks sold off, ARK Invest stepped in and added exposure to key names across its ETFs. The buys came as broader market weakness dragged down crypto equities and ETF performance.
ARK Loads Up on Coinbase
ARK used the dip to increase its Coinbase position. The ARK Innovation ETF (ARKK) bought 38,854 Coinbase shares. ARK Fintech Innovation ETF (ARKF) added another 3,325 shares.
In total, ARK picked up about $9.4 million worth of Coinbase stock. Shares ended the day down roughly 2.8%, closing at $216.95.
LATEST: 💰 Ark Invest purchased $21.5 million worth of shares of Coinbase, Circle and Bullish on Friday, adding exposure to crypto-linked equities…
