Cathie Wood’s investment firm, Ark Invest, continues to invest in crypto-focused stocks.
In the new target of Ark Invest, known for investing in the shares of crypto-focused companies of grayscacele Bitcoin (GBTC) fund took place. Ark Invest, which recently fell to a historical low, GBTC fully to the $2.8 million invested. According to purchasing data, this 315,259 GBTC corresponding to its share. Ark Invest’s latest purchase July 2021He had done it. Average Bitcoin price at that time 31 thousand dollars levels, and that’s for that period. local bottom meant.
Grayscale’s GBTC fund suffered a major setback after the FTX bankruptcy. experienced 41%The value of Grayscale’s shares after the decline of . $8.76 fell down. As a result of a major regression in the beginning of October, the last time the aforementioned fund was between the spot markets and the spot markets. 36% there was a difference.
Despite the negative atmosphere and declines in the crypto markets, Ark Invest continues to increase its investments for a long time. Ark Invest has recently Robinhood and block announced that it is investing in crypto companies that are critical in markets such as
Ark Invest aIn addition, with 2 different purchases recently, from 30 million dollars more Coinbase (COIN) stock had explained.