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ARK Invest Buys the Dip: Invests Nearly $19 Million to Buy the Dip in Several Crypto-Related Stocks
BlockBeats News, February 4th, as the crypto market continued to pull back, Cathie Wood's ARK Invest once again chose to go against the trend. ARK bought a total of approximately $19 million in stocks of crypto-related public companies on Tuesday, marking the second consecutive day of "buying the dip."
The disclosure shows that ARK's new additions include: Circle (CRCL) $2.41 million, Bullish (BLSH) $3.46 million, Coinbase (COIN) $0.631 million, Robinhood (HOOD) $7.81 million, Bitmine Immersion Technologies (BMNR) $3.25 million, and Block (XYZ) $1.8 million. The corresponding holdings are distributed in their ARKK, ARKW, ARKF, and other ETF products.
The stock prices of the above companies have recently been under pressure, against the backdrop of an overall decline in the crypto market, with Bitcoin dropping to as low as $73,100, hitting a new low since the end of 2024. ARK's buying action is seen by the market as a proactive move following a significant pullback in crypto assets and related stocks.
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