ARK Invest Increases Holdings in Cryptocurrency Assets Amid Market Decline

According to PANews, ARK Invest has expanded its investment in cryptocurrency-related assets during a market downturn, acquiring BitMine and Bullish stocks valued at $5.83 million and $2.91 million, respectively. ARK's daily trading disclosure on Friday revealed that the ARK Fintech Innovation ETF (ARKF) purchased 18,089 shares of BitMine, while the ARK Next Generation Internet ETF (ARKW) added 34,637 shares. The ARK Innovation ETF (ARKK) increased its holdings by 116,681 shares, bringing the total acquisition to 169,407 shares, valued at approximately $5.83 million. In addition, ARKF acquired 8,063 shares of Bullish, ARKW increased its holdings by 15,441 shares, and ARKK purchased 52,011 shares. This resulted in a total purchase of 75,515 shares of Bullish, valued at around $2.91 million.