Ark Invest enters the market during downturn
Ark Invest, affiliated with Kathy Wood, invested approximately $72 million in stocks related to cryptocurrencies following the market decline, adding to holdings in companies such as Robinhood, Curove, Circle, Coinbase, and others. The firm increased its investments in its ETF (
#ETF ) for Bitcoin (
#ARKB ), aiming to capitalize on the market correction and potential future growth.
Kathy Wood reaffirmed her strong conviction that diversification is better than concentration, maintaining her optimism despite the recent downturn. She emphasized that spr