ARK Invest Dumps $43M into Coinbase and Circle

ARK Invest has made significant moves in the crypto market by purchasing $43.5 million worth of shares across several major companies, including Coinbase and Circle.

The purchases were made over a three-day period as the market's sentiment towards cryptocurrency-related equities cooled down.

ARK bought 122,544 shares of Coinbase worth approximately $18.6 million and added 169,777 shares of Circle for about $12.9 million in the same timeframe.

The firm also acquired exposure to other parts of the industry by purchasing nearly $5.2 million worth of Bullish shares and adding about $5.12 million in Robinhood.