Cathie Wood's Ark Invest stocks up on Coinbase, Circle and Bullish shares
Quick Take
- Ark Invest purchased $3 million worth of Coinbase shares and $3.1 million worth of Circle across two of its ETFs on Tuesday.
- The ARK Fintech innovation ETF also loaded up on $1.1 million worth of Bullish.
Cathie Wood's Ark Invest bought more crypto-related stocks across two of its exchange-traded funds on Tuesday, increasing its positions in Coinbase, Circle and Bullish.
Ark's Tuesday trade filing shows that the ARK Innovation ETF (ARKK) and the ARK Fintech innovation ETF (ARKF) purchased a combined $3 million worth of Coinbase Global shares and $3.1 million worth of Circle Internet Group shares. ARKF also loaded up on $1.1 million worth of Bullish.
The new purchases came as Coinbase and Circle shares traded nearly flat on Tuesday. Coinbase closed down 0.82% at $261.79, while Circle inched up 0.013% to close at $76.6, according to The Block's price page.
Ark has been expanding its exposure to crypto-related equities in recent weeks. On Monday, it bought $10.2 million worth of Bullish shares across three ETFs. Last Thursday, it added $7.28 million in Bullish, along with $15.56 million in Circle and $8.86 million in BitMine.
Meanwhile, Bullish, a crypto exchange backed by billionaire tech investor Peter Thiel, is expected to release its third-quarter results later today.
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