ARK Invest boosts crypto bets with $16M BitMine, $7.5M Bullish stock buys
Cathie Wood’s ARK Invest purchased $16 million in BitMine and $7.5 million in Bullish stock across three of its ETFs, boosting its crypto exposure.
Cathie Wood’s ARK Invest has continued its crypto stock shopping spree, adding more shares of BitMine Immersion Technologies and crypto exchange Bullish across its flagship ETFs.
According to trade disclosures from Friday, ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) collectively bought over 387,000 shares of BitMine and 144,000 shares of Bullish.
Based on recent market prices, the purchases amount to roughly $16 million in BitMine and $7.5 million in Bullish stock.