Bitcoin Updates: ARK Invest Remains Committed to Cryptocurrency While Wider Markets Decline
- ARK Invest added $39M to crypto-linked stocks (Bullish, Circle , BitMine) via ETFs during market declines, defying broader pessimism. - Largest single-day purchase ($16.9M in Bullish) followed 3.6% stock drop, while Circle and BitMine saw similar "buy the dip" strategies. - This contrasts with $3.79B net outflows from U.S. Bitcoin ETFs in November, as Bitcoin fell 30% from its peak to $91,700. - ARK maintains long-term crypto optimism , lowering 2030 BTC price target to $1.2M from $1.5M while expanding h
ARK Invest Expands Crypto Portfolio Despite Market Slump
Cathie Wood's
The most substantial daily purchase was in Bullish, with
ARK’s optimism stands in contrast to the prevailing market gloom. The company added another $600,000 to its Bitcoin ETF investments on November 19,
The firm’s investment choices seem to be based on the underlying strength of its holdings. Bullish
ARK’s recent moves also point to a broader transformation in the crypto sector. As stablecoins such as
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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