Cathie Wood’s ARK Invest Buys the Dip

• Cathie Wood’s ARK Invest capitalizes on dip.
• Acquired 41,032 COIN shares worth $8.7 million.
• Sold 98,060 shares of its Bitcoin ETF (ARKB).

As Bitcoin (BTC) prices fell to between $86,000 and $88,000, long-term crypto believers saw a chance to accumulate more assets. One such entity, ARK Invest, took advantage of the prolonged market dip.

ARK Invest’s Recent Moves

> ARK Invest buys the dip!
>
> Cathie Wood’s ARK snapped up 41,032 $COIN shares ($8.7M) as crypto equities tumbled.
> Meanwhile, it sold 98,060 shares of its own Bitcoin ETF (ARKB), valued at $8.6M.
> This follows a record $940M in outflows from U.S. spot Bitcoin ETFs.

As highlighted, ARK Invest bought around 41,032 COIN shares for approximately $8.7 million as crypto equities plummeted. Concurrently, ARK sold 98,060 shares of its own Bitcoin ETF (ARKB) for $8.6 million. This ETF sell-off occurs amid record outflows totaling $940 million from U.S. spot Bitcoin ETFs, contributing to the crypto market’s downturn, which has been exacerbated by FUD stemming from recent tariff announcements by Trump.

Current Bitcoin Prices

Currently, Bitcoin trading falls between $82,000 and $85,000, pushing CoinMarketCap’s Crypto Fear & Greed Index into the ‘Fear’ zone, scoring 20. Despite growing anxieties and the ongoing market downturn, seasoned analysts generally remain optimistic regarding the future of Bitcoin and crypto prices.