Cryptocurrency-related stocks suffered heavy losses on Monday as the sector’s downturn deepened. Meanwhile, Cathie Wood’s ARK Invest seized the opportunity to significantly increase its stake in struggling crypto exchange Bullish, purchasing over $10 million in shares as the stock hit record lows.
about Crypto Stocks Plunge as ARK Buys Bullish DipARK Innovation ETF
0 in Finance and 0 in Crypto last weekBullish Options Platform Hits $82M Volume, ARK Invest Boosts Stake
Bullish’s new crypto options platform has generated $82 million in trading volume within its first five days of operation, signaling strong institutional adoption. ARK Invest, led by Cathie Wood, has reinforced its confidence in the crypto exchange with a substantial $12 million share purchase across multiple ETFs, marking the firm’s second major investment in Bullish within a week.
about Bullish Options Platform Hits $82M Volume, ARK Invest Boosts StakeArk Invest Rebalances ETFs Amid Bitcoin Price Slump
ARK Invest, led by Cathie Wood, has executed notable trades across its ETF suite amid recent market volatility. The firm sold 559.85 BTC ($64.4M) from its ARKB Bitcoin ETF, coinciding with a broader sell-off in crypto ETFs and Bitcoin’s price decline from recent highs. Simultaneously, ARK’s Innovation ETF (ARKK) purchased $21.2M in Bullish shares and $16.2M in Robinhood stock, continuing a pattern of accumulation in these positions. Both ETFs saw daily declines (ARKB -2.79%, ARKK -3.99%) as markets remain shaky ahead of the Federal Reserve’s Jackson Hole symposium, which is expected to influence near-term market direction. The trades reflect ARK’s active management approach during correction periods.
about Ark Invest Rebalances ETFs Amid Bitcoin Price SlumpS&P 500 Reaches Record High Amid AI Stocks Surge Following Stargate Announcement
The stock market rally continues, with the S&P 500 reaching a record high, driven by gains in AI stocks following President Trump’s $500 billion Stargate AI infrastructure announcement. Notable performers include Oracle, which gapped up 6.7%, and Palantir, which rose 5.2%. Investors are advised to diversify and monitor emerging buying opportunities as many stocks extend their gains.
about S&P 500 Reaches Record High Amid AI Stocks Surge Following Stargate AnnouncementStock Market Rises as Trump Administration Begins and Cathie Wood Invests in AI
The Dow Jones Industrial Average rose nearly 300 points, buoyed by optimism surrounding the new Trump administration, while Apple lagged with a 3% drop. Small caps and sectors like utilities and real estate showed strength, with Cathie Wood’s ARK Invest making significant moves in AI stocks despite risks. China stocks experienced mixed results amid hopes for improved U.S.-China relations, while Trump hinted at potential tariffs on Canada and Mexico.
about Stock Market Rises as Trump Administration Begins and Cathie Wood Invests in AI