Ark Invest Increases Stake in Bitmine and Bullish Despite Crypto Dip

Cathie Wood's Ark Invest continues to demonstrate confidence in the cryptocurrency market by enhancing its investments during the current dip. The investment firm has recently acquired additional shares in Bitmine and Bullish, indicating a strong belief in the long-term potential of these companies.

In conjunction with its crypto investments, Ark Invest also purchased $12.4 million worth of shares in Robinhood, a trading platform that experienced a sharp decline of 9% in its stock value on the same day.