ARK Invest concluded its week by significantly boosting its positions in several cryptocurrency-related companies, including Bullish, BitMine, Circle, and Robinhood, alongside investing around $600,000 in Bitcoin ETFs amidst signs of a market recovery.

Recent Purchases
The firm has made substantial acquisitions over the past week, particularly focusing on Bullish, with its ARK Innovation ETF, ARK Fintech Innovation ETF, and ARK Next Generation Internet ETF increasing their stakes. These purchases totaled nearly $2 million, coinciding with a 5.75% rise in Bullish’s stock on the same day.

Additionally, ARK has increased its investment in BitMine with purchases across different funds totaling about $830,000, while acquiring shares in Circle worth $250,000 and Robinhood amounting to $200,000, as both companies saw notable stock price increases.

Increasing Bitcoin ETF Holdings
On Friday, ARK raised its Bitcoin ETF investments by nearly $600,000, primarily by buying shares in the ARK 21Shares Bitcoin ETF, while also boosting its holdings in other funds.

This investment surge comes at a time when the U.S. spot Bitcoin ETF market is experiencing significant withdrawals, with nearly $1 billion taken out recently, marking a challenging period for the market.

ARK’s Crypto Strategy
The previous Thursday marked ARK’s largest daily investment of the week, with $10.1 million directed toward Coinbase, $9.9 million in BitMine, and substantial amounts in Circle and Bullish, among others.

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