ARK Invest adds $34M Robinhood stake as Bitcoin falls below $66K
Cathie Wood’s ARK Invest bought nearly $50 million of Robinhood, Bullish and Circle shares as Bitcoin dipped and US spot BTC ETFs saw $276 million in outflows.
ARK Invest, the investment firm led by Bitcoin bull Cathie Wood, snapped up a significant batch of crypto-linked stocks on Wednesday as BTC briefly dipped below $66,000.
ARK purchased 433,806 shares of Robinhood (HOOD) for approximately $33.8 million, according to a trade notification reviewed by Cointelegraph.
The asset manager also boosted its exposure to crypto exchange Bullish (BLSH) and USDC (USDC) issuer Circle (CRCL), acquiring 364,134 shares valued at $11.6 million and 75,559 shares worth $4.4 million, respectively.