$ARK Invest expanded its exposure to crypto-linked equities on Thursday, adding to positions in Bitmine, Bullish, and Robinhood.
The firm, led by Cathie Wood, purchased 212,314 shares of Bitmine across three exchange-traded funds, a position valued at approximately $4.2 million. Bitmine shares rose 8% to $21.47 by midday Friday.
$ARK also acquired 74,323 shares of Bullish worth about $2.4 million, marking the eleventh consecutive trading day it has increased its stake in the crypto exchange. Bullish shares climbed 3.6% to $32.85.
cryptobriefing.com