ARK Invest Buys More Crypto-Exposed Stocks Amid Market Weakness

Cathie Wood's ARK Invest made significant transactions on Thursday, June 25, amidst market downturn. The investment firm acquired additional positions in Coinbase, Circle, Robinhood, and Bullish, deploying approximately $5.4 million via its ARKK, ARKW, and ARKF funds.

The largest single transaction was the purchase of Cerebras Systems stock for around $20.4 million. In contrast, ARK divested from Alibaba and Roku holdings, liquidating 176,004 and 130,666 shares respectively.

Cathie Wood forecasts declining inflation, attributing it to increasing productivity as a significant deflationary driver. She highlighted unit labor costs advancing at merely 0.5% on a year-over-year basis and expressed her belief that Federal Reserve candidate Kevin Warsh would deliver financial markets 'a master class in monetary policy' upon confirmation.