Cathie Wood’s ARK adds Coinbase, Circle, Bullish as crypto slides
Cathie Wood's ARK Invest has increased its holdings in several cryptocurrency-related companies, including Coinbase, Circle, and Bullish, amid a recent downturn in the crypto market. The firm purchased approximately 1.4 million shares of Coinbase, valued at around $51 million, and also acquired shares in Circle and Bullish. This move reflects ARK's continued confidence in the long-term potential of the cryptocurrency sector despite current market challenges. The investments come as Bitcoin and other cryptocurrencies experience significant price declines.
Read the full article: Coin Telegraph