Cathie Wood's ARK Invest Acquires $70M in Crypto Stocks Amid Bitcoin Decline

ARK Invest, led by Cathie Wood, invests over $70 million in crypto stocks like CRCL, COIN, and BLSH as Bitcoin experiences a downturn.

In a strategic move, Cathie Wood's ARK Invest has made significant investments exceeding $70 million in various cryptocurrency stocks amid a recent decline in Bitcoin prices.

The firm has focused its acquisitions on companies such as CRCL, COIN, and BLSH. This investment strategy aligns with ARK's inclination towards exchange platforms and stablecoin-related businesses during this particular market correction.