BlockBeats news, on February 4, amid the continued pullback in the crypto market, Cathie Wood's ARK Invest once again chose to go against the trend. On Tuesday, ARK purchased a total of about $19 million in stocks of publicly traded companies related to cryptocurrency, continuing its "bottom-fishing" style of increasing positions for the second consecutive day.
Disclosures show that ARK's new allocations include: Circle (CRCL) $2.41 million, Bullish (BLSH) $3.46 million, Coinbase (COIN) $0.631 million, Robinhood (HOOD) $7.81 million, Bitmine Immersion Technologies (BMNR) $3.25 million, and Block (XYZ) $1.80 million. The relevant positions are distributed across its ETF products such as ARKK, ARKW, and ARKF.
The stock prices of the aforementioned companies have recently been under general pressure, against the backdrop of an overall downturn in the crypto market, with Bitcoin once falling to $73,100, a new low since the end of 2024. ARK's increase in holdings has been interpreted by the market as an active bet on a rebound after significant corrections in crypto assets and related stocks.