ARK Invest Boosts Crypto Holdings Ahead of CLARITY Act Vote
Cathie Wood's ARK Invest has added more crypto-related stocks to its portfolio. The firm bought additional holdings in Coinbase Global and Circle Internet Group via a series of exchange-traded funds on August 3.
The purchases come as the US Senate prepares to vote on the CLARITY Act, a bill aimed at clarifying the regulatory environment for digital assets. The act's passage could have significant implications for the crypto industry.