ARK Invest Boosts Crypto Exposure with Block, Securitize, and Solana ETF Buys

Cathie Wood's ARK Invest has boosted its crypto exposure by buying nearly 192,000 shares of Block across two funds.

The firm acquired 182,899 shares of Block through the ARK Innovation ETF (ARKK) and another 8,772 shares via the ARKF Fintech Innovation ETF.

ARK also bought 189,796 shares of tokenization platform Securitize, which powers BlackRock's BUIDL fund, that has tokenized more than $5 billion in assets in the third quarter of this year.

The firm's purchases include a combined 7,115 shares of the 3iQ Solana Staking exchange-traded fund (ETF), adding to its recent accumulation of the fund and giving it indirect exposure to Solana (SOL) and its staking rewards.