BlockBeats News, November 26th, according to The Block report, Ark Invest, led by Cathie Wood, continued to increase its holdings of crypto-related stocks this Tuesday amid a cryptocurrency price drop and overall market downturn.
According to its trading documents, Ark Invest bought a total of $13.5 million worth of Block, Inc. stock, $7.6 million of Circle stock, and $3.86 million of Coinbase stock through several of its ETFs on that day. As of Tuesday, Coinbase is the fourth-largest holding in ARKK, valued at $391 million, representing approximately 5.22% of the fund’s portfolio; ARKK also holds $179 million worth of Circle, making up 2.39%, and $85.2 million of Block.
Additionally, Ark Invest also increased its holdings of $1.52 million in Bullish stock, $878,794 in Robinhood Markets stock, and $2.8 million in the Ark-21Shares Bitcoin Spot ETF on that day.
