Cathie Wood's ARK Buys ~$77M in Bitcoin-Related Securities Yesterday on Dip

June 23, 2021 8:25 AM EDT
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Cathie Wood's ARK used yesterday's weaknesses in Bitcoin to load up on some Bitcoin-related securities. The fund added 214,718 shares of Coinbase (NASDAQ: COIN) and 1,046,002 shares of Grayscale Bitcoin Investment Trust (OTC: GBTC), among other trades. Yesterday, Bitcoin plunged below $30,000, before recovering today to $34.000.

The dollar value of both trades is about $77 million based on yesterday's closing price.

Below is a summary of ARK's trades on 06/22/21:

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