Core Insights - Ark Invest continues to invest in crypto-related equities, purchasing shares of Coinbase, BitMine Immersion Technologies, Circle, and others during a market selloff [1][3] Group 1: Investment Activities - Ark's Fintech Innovation ETF (ARKF) now holds nearly $58 million in Coinbase shares after adding approximately $10 million or 42,419 shares [2] - The firm invested over $9 million each in BitMine and Circle, and $9.75 million in Bullish across three ETFs, along with around $6.7 million in Robinhood [3] - Total holdings include over $500 million in Coinbase shares, $244 million in Circle, $408 million in Robinhood, $196 million in BitMine, and $144 million in Bullish as of the end of trading Thursday [4] Group 2: Market Trends and Predictions - Cathie Wood has adjusted her Bitcoin price target to $1.2 million by 2030, down from $1.5 million, due to the rise of stablecoin adoption [5] - Bitcoin needs to increase approximately 1,335% to reach the new target, currently trading at $83,597 after a nearly 4.3% drop in the last 24 hours [5]
Cathie Wood Buys the Dip as Ark Invest Loads Up on Coinbase, BitMine and Circle Stock