ARK Invest Buys $17M in Coinbase, Circle, Sells Bullish Ecosystem
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By Helen Partz (staff writer), Edited by Yohan Yun (staff editor)
ARK Invest has been active in the crypto market, recently purchasing Coinbase and Circle shares while reducing its position in Bullish.
Key Points:
- ARK bought approximately $9 million worth of Coinbase (COIN) shares and $8 million of Circle (CRCL) shares across three of its ETFs.
- The purchases came as crypto stocks experienced a decline.
- Coinbase, Circle, and Bullish (BLSH) all finished lower on Monday.
- Circle is among the top five holdings in three ARK ETFs, representing a significant portion of their assets.
Market Movement:
- Coinbase fell 3.98% to $137.83.
- Circle slipped 0.63% to $72.08.
- Bullish dropped 5.7% to $22.54.
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