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ARK Invest buys 130,000 Circle shares despite Bitcoin dip
in5points
Cathie Wood's ARK Invest purchased roughly 130,000 additional shares of Circle (CRCL) across three ETFs.
The purchase occurred despite Bitcoin's price dip and recent price target cuts for Circle stock.
Circle's stock (CRCL) and Coinbase (COIN) were both rising in pre-market trading.
The buys were spread across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
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Rajeev Chandrasekhar / Jupiter Capital interests historically