ARK Invest "buys the dip" by purchasing approximately $19 million worth of crypto-related stocks.

Amid a decline in the crypto market and Bitcoin's recent lows, ARK Invest increased its holdings of crypto-related stocks for the second consecutive day, with purchases totaling approximately $19 million. Disclosed data shows that ARK purchased the following on Tuesday: - Circle (CRCL) approximately $2.41 million; - Bullish (BLSH) approximately $3.46 million; - Coinbase (COIN) approximately $631,000; - Robinhood (HOOD) approximately $7.81 million; - Ethereum treasury company Bitmine Immersion Technologies (BMNR) approximately $3.25 million; - Jack Dorsey's fintech company Block (XYZ) approximately $1.8 million. These holdings were primarily allocated through ARK's ETF products, including ARKK, ARKW, and ARKF. Market analysts believe that ARK's increased holdings of crypto stocks during this market correction demonstrates its continued strategy of buying into core infrastructure companies in the digital asset ecosystem on dips. (CoinDesk)