Cathie Wood's ARK buys over $70 million of crypto stocks as bitcoin slides

Fresh buys in CRCL, COIN, and BLSH come as Cathie Wood’s funds lean into exchange and stablecoin names during a market dip What to know : Ark Invest, led by Cathie Wood, has purchased about $72 million in crypto-related stocks across its ARKF, ARKK and ARKW funds as bitcoin weathers renewed market volatility. The firm added positions in Robinhood, Circle Internet, Coinbase, Bullish, CoreWeave, Bitmine Immersion Technologies and Block, with Robinhood and CoreWeave representing the largest individual buys. The buying spree reflects Ark’s strategy of leaning into equity weakness during crypto downturns and Wood’s view that bitcoin offers diversification benefits, following similar late-January purchases as bitcoin fell below $90,000.