ARK Invest has increased its exposure to crypto-related stocks by adding $43.5 million in shares over the past three trading days, focusing mainly on Coinbase and Circle. According to CoinTelegraph, these purchases come as the shares of Coinbase and Circle have declined by 17% and 27.6%, respectively, over the past month.
The fund, led by Cathie Wood, appears to be capitalizing on the recent market weakness to build positions in major crypto firms. This move reflects ARK Invest’s continued confidence in the long-term potential of the cryptocurrency sector despite short-term volatility.
For Japanese investors, this development highlights growing institutional interest in crypto assets, which could influence trading volumes and market sentiment in the FX and equities markets linked to digital currencies.