Cathie Wood’s Ark Invest has been aggressively buying crypto-related stocks during the recent market downturn:
* ~$10 million in Coinbase (COIN) shares
* ~$9 million each in BitMine (BMNR) and Circle (CRCL)
* $9.75 million in Bullish (BLSH)
* ~$6.7 million in Robinhood (HOOD)
Ark’s ETFs now hold substantial positions across crypto equities, with over $500 million in Coinbase shares across three ETFs, making COIN the second-largest holding in their Fintech Innovation ETF (ARKF)
Global-Chart-3925 on
Oh dear. Cathy buying is worse than Cramer telling us to.
coinfeeds-bot on
tldr; Cathie Wood’s Ark Invest is increasing its exposure to crypto-related equities amid a market selloff. The firm added significant shares of Coinbase, BitMine Immersion Technologies, Circle, Bullish, and Robinhood across its ETFs, with Coinbase being a major holding. Ark Invest now holds over $500 million in Coinbase shares and substantial stakes in other crypto-related stocks. Wood remains bullish on Bitcoin, adjusting her price target to $1.2 million by 2030, reflecting her confidence in the crypto market’s long-term potential.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
AdLess2111 on
Cathies right here. It’s a no brainier. BMNR for erherium exposure.
polymath_uk on
Well that’s given it the kiss of death.
excelance on
Damn, I was going to double up my Circle investment, but now I need to wait for another 50% price cut.
GabeDef on
Coinbase, COIN is a good buy on a dip, though I have no idea if this dip is the REAL dip yet. Not sure about circle.
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**Summary:**
Cathie Wood’s Ark Invest has been aggressively buying crypto-related stocks during the recent market downturn:
* ~$10 million in Coinbase (COIN) shares
* ~$9 million each in BitMine (BMNR) and Circle (CRCL)
* $9.75 million in Bullish (BLSH)
* ~$6.7 million in Robinhood (HOOD)
Ark’s ETFs now hold substantial positions across crypto equities, with over $500 million in Coinbase shares across three ETFs, making COIN the second-largest holding in their Fintech Innovation ETF (ARKF)
Oh dear. Cathy buying is worse than Cramer telling us to.
tldr; Cathie Wood’s Ark Invest is increasing its exposure to crypto-related equities amid a market selloff. The firm added significant shares of Coinbase, BitMine Immersion Technologies, Circle, Bullish, and Robinhood across its ETFs, with Coinbase being a major holding. Ark Invest now holds over $500 million in Coinbase shares and substantial stakes in other crypto-related stocks. Wood remains bullish on Bitcoin, adjusting her price target to $1.2 million by 2030, reflecting her confidence in the crypto market’s long-term potential.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Cathies right here. It’s a no brainier. BMNR for erherium exposure.
Well that’s given it the kiss of death.
Damn, I was going to double up my Circle investment, but now I need to wait for another 50% price cut.
Coinbase, COIN is a good buy on a dip, though I have no idea if this dip is the REAL dip yet. Not sure about circle.