ARK Invest has purchased $68 million worth of Bitcoin, signaling continued institutional interest in digital assets following recent ETF approvals. This move is part of ARK’s broader strategy to emphasize Bitcoin within its innovation-focused portfolios, using it as both a hedge and a growth driver alongside technology disruptors. Such purchases by firms like ARK typically encourage wider institutional flows into Bitcoin, particularly in supportive regulatory environments.
ARK Invest purchases $68M in Bitcoin amid evolving market dynamics
