Cathie Wood's Ark Invest Increases Stake in Bullish Amid Bitcoin Price Drop

Cathie Wood's Ark Invest made significant trades by increasing its holdings in Bullish, a Coinbase rival backed by Peter Thiel. The investment amounted to approximately $10.18 million, with Ark Invest acquiring 277,063 shares. This move occurred as Bitcoin's price fell below $91,000, indicating Ark Invest's bullish stance despite the cryptocurrency's recent decline.

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Cathie Wood Bets Big on This Peter Thiel-Backed Coinbase Rival as Bitcoin Crashes Below $91,000
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Ark Invest Increases Stake in $10.18M Bullish Stock
Ark Invest Increases Stake in $10.18M Bullish Stock

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🔥Buying the Dip! Cathie Wood Adds BLSH, Reduces PINS/RDDT — Will You Follow?

The crypto market is tumbling, but Cathie Wood is buying the dip.On Monday (Nov 17), Ark Invest — led by well-known Wall Street fund manager Cathie Wood — purchased roughly $10.2 million worth of $Bullish(BLSH)$ shares across three of its ETFs, expanding the firm’s exposure to crypto-related assets.According to Ark’s latest trades:ARKK: +191,195 sharesARKW: +56,660 sharesARKF: +29,208 sharesAcross three days, Ark has accumulated more than 530,000 shares of Bullish.Here's every move Cathie Wood and Ark Invest made in the stock market on Nov 18:At the same time Ark was adding to Bullish, the crypto market was undergoing heavy volatility. $Bitcoin(BTC.USD.HKCC)$ fell below $92,000, down more than 26%
🔥Buying the Dip! Cathie Wood Adds BLSH, Reduces PINS/RDDT — Will You Follow?