ARK Invest Purchases Cryptocurrency Shares, Anticipates Uptake by Institutions

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ARK Invest Purchases Cryptocurrency Shares, Anticipates Uptake by Institutions

Bitget-RWA2025/11/15 07:46

By:Bitget-RWA

- ARK Invest resumes buying crypto-linked stocks, adding $5.8M in BitMine and $2.9M in Bullish as both stocks declined. - The firm shifts capital from Tesla to undervalued crypto and fintech assets amid market volatility. - ARK's strategy targets long-term growth via institutional adoption and regulatory clarity in crypto sectors. - Recent investments include a $46M stake in Circle as crypto assets face regulatory challenges and market dips. - ARK's approach highlights confidence in a maturing crypto ecosy

ARK Invest, under the leadership of Cathie Wood, has ramped up its purchases of stocks tied to the cryptocurrency sector, acquiring $5.8 million worth of BitMine shares and $2.9 million in Bullish shares on Friday as both experienced significant sell-offs. These acquisitions were distributed among several of ARK’s exchange-traded funds, such as the

ARK Fintech Innovation ETF

(ARKF),

ARK Next Generation Internet ETF

(ARKW), and

ARK Innovation ETF

(ARKK),

as indicated by the company’s daily trading reports

This activity is part of ARK’s ongoing strategy centered on digital assets, which recently included a $46 million purchase of

Circle

(CRCL) shares after the stablecoin provider’s stock slipped below $90. The firm also increased its BitMine holdings on Thursday, with

ARK

buying 242,347 shares for $8.9 million

as the price dropped under $37. At the same time, ARK has been reducing its Tesla position, reallocating funds to what it considers undervalued opportunities in the crypto and financial technology spaces.

Both BitMine and Bullish shares ended the day with losses exceeding 10%. BitMine closed down 6% at $34.40, while Bullish finished 6.19% lower at $38.48. Nonetheless, both stocks saw modest gains in after-hours trading.

ARK Invest Purchases Cryptocurrency Shares, Anticipates Uptake by Institutions image 0

ARK’s renewed buying in these firms reflects its belief that stocks linked to the crypto industry will benefit as institutional participation grows and regulatory frameworks become clearer, even though the sector remains highly volatile.

ARK’s investment approach has attracted notice as it navigates a market where crypto-related equities are particularly reactive to broader economic trends. For example, Robinhood’s Q3 FY25 financial results

revealed that 37% of its transaction income

was generated from cryptocurrency trading, highlighting the industry’s cyclical tendencies. ARK, however, seeks to manage these risks by spreading investments across a variety of crypto and fintech stocks.

In addition to BitMine and Bullish, ARK has been increasing its holdings in other companies that provide crypto infrastructure. BitMine recently underwent a leadership transition, appointing Chi Tsang as CEO after the company’s

Ether

reserves exceeded $11 billion. These strategic moves, including a focus on institutional-grade infrastructure, are in line with ARK’s vision for a more developed crypto landscape.

The most recent acquisitions come as speculation grows about a possible recovery in digital asset prices. Despite ongoing regulatory challenges for

Bitcoin

and other leading cryptocurrencies, ARK’s investments indicate faith in the sector’s long-term growth. The firm’s history of making substantial crypto purchases—such as the $46 million Circle deal—demonstrates its readiness to take advantage of market downturns, even as some observers question the viability of this approach in such a turbulent market.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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