Ark Invest Buys $40M in Crypto Stocks Amid Market Downturn - BTC ETF Strategy

Cathie Wood's Ark Investment Management has strategically purchased nearly $40 million in cryptocurrency-related equities for the second consecutive day during ongoing market sell-offs. The investment firm acquired shares in Bitcoin ETF GBTC and blockchain-focused companies despite declining crypto prices, signaling strong institutional confidence in digital asset recovery. This accumulation strategy demonstrates Ark's long-term bullish outlook on blockchain infrastructure and Bitcoin ETF performance during market corrections.