Ark Invest Boosts Crypto Holdings Amid Sector Gains

Cathie Wood's Ark Invest is making more investments in crypto-related stocks despite the current struggles in that sector.

The firm bought additional shares of Coinbase, Circle, Bullish, and Robinhood on Monday across several of its exchange-traded funds (ETFs).

The move comes as all four stocks saw gains before the market closed. Ark Invest bought 45,164 shares of Coinbase's COIN through its ARKK, ARKW, and ARKF funds, worth about $6.86 million.

The firm also acquired 81,757 shares of Circle Internet Group valued at $6.21 million, as well as 149,422 shares of crypto exchange Bullish (BLSH), worth around $3.55 million.

Its Robinhood (HOOD) position was boosted by 2,943 shares, valued at nearly $300,000.