Cathie Wood’s ARK boosts crypto shares amid stock pullback

ARK Invest increased exposure to Robinhood, Circle, BitMine, Bullish and other crypto-linked firms within several innovation and fintech-focused ETFs this week.

Cathie Wood-founded asset manager ARK Invest revealed on Monday it had upped its exposure to crypto-linked stocks amid a stock slump this week.

In a trade notification shared with Cointelegraph on Monday, ARK Invest indicated that it had bought shares in trading platform Robinhood, stablecoin issuer Circle, Jack Dorsey’s Block Inc, digital asset manager BitMine and crypto exchanges Coinbase and Bullish, among others. 

The purchases were made primarily across two of the firm’s exchange-traded funds (ETFs),  including the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF), while the ARK Next Generation Internet ETF also upped its exposure to crypto-linked stocks.

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