- Cathie Wood’s ARK Invest buys the dip.
- The entity snatched up 41.032 COIN shares amounting to $8.7 million.
- ARK Invest also sold 98,060 shares of its own Bitcoin ETF (ARKB).
Cathie Wood’s ARK invest buys the dip. Yesterday as the price of Bitcoin (BTC) sank to the $86,000 to $88,000 price level, long-term crypto believers took this as a golden opportunity to accumulate more cryptocurrencies and ARK Investment was one such entity who leveraged the prolonged crypto market dip.
Cathie Wood’s ARK Invest Buys the Dip
As we can see from the post below, Cathie Wood’s ARK Invest bought around 41,032 COIN shares amounting to about $8.7 million as crypto equities fell tremendously in price. Meanwhile, ARK Invest also sold 98,060 shares of its own Bitcoin ETF (ARKB), amounting to $8.6 million.
This Bitcoin ETF sellout is followed by a record $940 million in outflows from the US spot Bitcoin ETFs. Indeed, the crypto market saw a large number of funds flow out leading to a big dip in the crypto market. However, this dip led to a prolonged fall further boosted by FUD caused by Trump’s new tariff announcements.
Bitcoin Trades Between $82,000 and $85,000
Presently, the price of Bitcoin has fallen again to the $82,000 to $85,000 price range pushing the CoinMarketCap’s Crypto Fear & Greed Index into the ‘Fear’ zone with a score of 20. Despite the growing FUD and the continued crypto market dip, most seasoned analysts remain bullish on the future of rising Bitcoin and crypto prices.
