ARK Invest Adds $25.4M to COIN, BLSH and BMNR Amid Crypto Stock Weakness
ARK Invest disclosed $25.4 million of fresh allocations into COIN, BLSH and BMNR during a session that saw momentum fade after a short-lived U.S. morning rally. Despite the firm's purchases, crypto-linked equities broadly trended lower and the largest cryptocurrencies ended the day down, underscoring persistent market caution.
The buying suggests ARK remains constructive on select crypto exposures and is using weakness to add positions, a sign of continued institutional interest that can matter for sentiment. That said, broader macro drivers and short-term selling pressure kept prices subdued, so investors should weigh ARK's moves as one factor among many when assessing near-term market direction.