Ark Invest Doubles Down on Crypto Despite Market Downturn

Ark Invest, led by Cathie Wood, is doubling down on crypto investments amidst market downturn. The firm recently bought shares in Coinbase, BitMine Immersion Technologies, and Circle, among others, through its Fintech Innovation ETF. Despite individual company struggles and market volatility, Ark Invest continues to increase its exposure to the crypto market. Cathie Wood has adjusted her Bitcoin price target to around $1.2 million by 2030, reflecting ongoing price fluctuations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.