Ark Invest has made a significant investment in Block by purchasing 456,059 shares worth approximately $37.4 million.
The buy was split across three ETFs: ARKK, ARKW, and ARKF, to ensure the investment stayed under the 10% fund cap.
This substantial institutional purchase is seen as a bullish signal for Block's crypto-linked business, potentially supporting adoption and investor sentiment in ARK ETFs and broader crypto exposure.
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