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ARK Invest Buys the Dip: Invests Nearly $19 Million to Buy the Dip in Several Crypto-Related Stocks

2 hours ago

February 4th — As the cryptocurrency market continued to pull back, Cathie Wood’s ARK Invest once again went against the grain. On Tuesday, ARK purchased approximately $19 million worth of shares in crypto-related public companies, marking its second consecutive day of buying the dip. Disclosures show ARK’s new positions include: $2.41 million in Circle (CRCL), $3.46 million in Bullish (BLSH), $631,000 in Coinbase (COIN), $7.81 million in Robinhood (HOOD), $3.25 million in Bitmine Immersion Technologies (BMNR), and $1.8 million in Block (XYZ). These holdings are spread across ARK’s ETFs, including ARKK, ARKW, and ARKF. Shares of the above firms have recently come under pressure amid a broad crypto market downturn, with Bitcoin dropping to a low of $73,100 — a new low since late 2024. The market views ARK’s buying spree as a proactive move following a significant pullback in crypto assets and related stocks.
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Bitcoin Dips Reignite "Four-Year Cycle" Fears, Analysis Suggests Unlikely Return to 80% Plunge

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Vitalik proposes integrating a prediction market and a DAO into the creator token ecosystem, weakening the celebrity effect and strengthening intrinsic value

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Analysis: Bitcoin Key Trendline Sits at $68,000, Acting as Price 'Support'

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Ethereum Drops Below $2200

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