Ark Invest Loads Up on Crypto Stocks Amid Broader Market Rally

Cathie Wood's Ark Invest made significant purchases in crypto-linked stocks on June 29 as the broader market rallied.

The firm bought shares of Coinbase, Circle, Bullish, and Robinhood, with a total value of $43.5 million over three trading days.

Ark purchased 45,164 Coinbase shares worth $6.85 million, 81,757 Circle Internet Group shares valued at $6.21 million, and 149,422 shares of Bullish worth $3.54 million.

The firm also added to its positions in SpaceX and Palantir while reducing holdings in several companies, including Alibaba, Roku, and Strata Critical Medical.