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Bitcoin Updates: ARK Invest Remains Committed to Cryptocurrency While Wider Markets Decline

Bitcoin Updates: ARK Invest Remains Committed to Cryptocurrency While Wider Markets Decline

Bitget-RWA2025/11/22 08:10
By:Bitget-RWA

- ARK Invest added $39M to crypto-linked stocks (Bullish, Circle , BitMine) via ETFs during market declines, defying broader pessimism. - Largest single-day purchase ($16.9M in Bullish) followed 3.6% stock drop, while Circle and BitMine saw similar "buy the dip" strategies. - This contrasts with $3.79B net outflows from U.S. Bitcoin ETFs in November, as Bitcoin fell 30% from its peak to $91,700. - ARK maintains long-term crypto optimism , lowering 2030 BTC price target to $1.2M from $1.5M while expanding h

ARK Invest Expands Crypto Portfolio Despite Market Slump

Cathie Wood's

Invest maintained its assertive acquisition of crypto-focused assets this week, directing close to $39 million toward Bullish, , and BitMine stocks as the overall market experienced significant losses. These investments, executed via the (ARKK), (ARKW), and (ARKF), highlight the company’s strong belief in the future of crypto, even amid a tough market .

The most substantial daily purchase was in Bullish, with

, , and together acquiring 463,598 shares valued at $16.9 million. This came after Bullish’s share price dropped 3.6% on November 19, . ARK also increased its stake in BitMine, despite the Ethereum treasury company’s stock falling 9.6% to $29.18. Circle, the stablecoin provider, saw similar moves, with ARK picking up 216,019 shares for $15.1 million .

Bitcoin Updates: ARK Invest Remains Committed to Cryptocurrency While Wider Markets Decline image 0
These actions are consistent with ARK’s “buy the dip” approach, a strategy the firm has used repeatedly as crypto stocks pull back from their October peaks. The latest buying spree comes as U.S. spot ETFs see massive withdrawals, with $3.79 billion in net outflows for November—the largest monthly loss on record . BlackRock’s IBIT alone was responsible for $2 billion of these outflows, while Bitcoin’s value slid nearly 30% from its high, .

ARK’s optimism stands in contrast to the prevailing market gloom. The company added another $600,000 to its Bitcoin ETF investments on November 19,

. This came after a turbulent week, with the 12 U.S. spot BTC ETFs on November 15—the second-highest single-day outflow since their debut in January 2024.

The firm’s investment choices seem to be based on the underlying strength of its holdings. Bullish

, a sharp turnaround from a $67.3 million loss the previous year, while Circle’s third-quarter revenue jumped 66% to $740 million. BitMine, although its shares remain under pressure, is , further supporting ARK’s continued investment.

ARK’s recent moves also point to a broader transformation in the crypto sector. As stablecoins such as

become more popular in developing economies, Wood has revised her Bitcoin price forecast, —down from her previous $1.5 million estimate, but still signaling strong long-term confidence. At the same time, ARK’s latest acquisitions of Coinbase, Robinhood, and Nvidia shares to benefit from the industry’s evolving landscape.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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