Search results for Ark Innovation ETF
Crypto
Ark Invest buys more SpaceX and Circle, cementing them as top holdings
Ark Invest\'s flagship Ark Innovation ETF counts SpaceX and Circle among its top 10 holdings, with portfolio weights of 4.73 percent and 3.90 percent, respectively. SpaceX ranks fifth by value at about $282 million, while Circle ranks eighth at about $233 million. Ark expanded positions after the companies reported second-quarter results, buying 181,830 SpaceX shares and 273,343 Circle shares across several ETFs.
Crypto
Ark Invest buys another 220,000 shares of Circle, bets more despite slowing USDC activity
Ark Invest, led by Cathie Wood, bought an additional 220,000 shares of Circle Internet Group through three actively managed exchange-traded funds, Cointelegraph reported. The purchase was worth about $13.9 million based on Circle’s NYSE closing price of $63.22. Ark’s total July purchases rose to 725,517 shares. Circle shares are down about 22 percent this year and about 76 percent from post-IPO highs. 10x Research cited slowing USDC activity as a risk.
Crypto
ARK Invest buys crypto-linked stocks against market selloff
ARK Invest, led by Cathie Wood, boosted exposure to cryptocurrency-linked stocks despite a broader market decline. On Jan. 26, it bought additional shares in Coinbase, Circle and Bullish worth a combined $21.5 million, its first large purchase of those names since mid-December. Purchases were made through ARK Innovation ETF and ARK Fintech Innovation. Bitcoin fell about 6 percent last week to below $90,000, while related stocks also weakened.