Ark's buy week đź’°

Cathie Wood's ARK Invest has been buying up Google, Coinbase, Circle and Bitcoin ETF shares as prices flounder.

📝 What you need to know

Prices on crypto and crypto-related equities are flagging. But ARK Invest’s commitment to its ETF theses is not.

Cathie Wood’s Ark Invest bought more than $56 million worth of Google shares on Tuesday, alongside shares of Coinbase and Circle. The firm has been aggressively buying in the last few weeks, also adding shares of its Bitcoin ETF, Bullish, and BitMine Immersion Technologies. Some of the buys have been driven by the firm’s bullish stance on tech, which has given some onlookers pause.

“The fact that so many people are worried that we are in an AI cycle, like the tech and telecom bubble, actually reassures me,” Wood said on an Ark Invest podcast published Tuesday. “It’s very different from what happened during the tech and telecom bubble.”

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