ARK Invest
Cathie Wood's ARK Invest purchased roughly $77 million worth of crypto-related stocks in June, focusing on Coinbase, Circle, and Bullish. The moves came as Bitcoin recorded its weakest month in four years. Data shows these equities carried higher volatility and added company-specific risks compared with direct Bitcoin holdings.
Reported by AI
Ark Invest, led by Cathie Wood, has submitted filings to U.S. regulators for two new cryptocurrency exchange-traded funds based on the CoinDesk 20 index. One fund would mirror the index, which covers major digital assets like bitcoin and ether, while the other would exclude bitcoin through a futures strategy. These products aim to provide diversified crypto exposure without direct ownership of tokens.