ARK Invest Bolsters Crypto Holdings Amid Ethereum Support Zone

ARK Invest has continued its pattern of targeted accumulation in digital-asset equities by adding approximately $251,500 in crypto-linked assets through its flagship ARKK fund and two other funds. On Friday, the firm purchased shares of BitMine Immersion Technologies and the 3iQ Solana Staking ETF.

The combined allocation represents a small fraction of ARKK's portfolio but reflects Cathie Wood's conviction in the Ethereum treasury company BitMine. The firm had previously acquired around $20 million in BitMine shares while trimming its Coinbase holdings, signaling a deliberate rotation within its crypto exposure.

Meanwhile, Ethereum held above a critical technical level that analysts say could determine its near-term trajectory. The cryptocurrency traded around $1,886 to $1,892 on Friday, maintaining the $1,850 support zone that technical analysts have identified as crucial for its current bullish structure.