Ark Invest bought $77.5M in crypto stocks in June

Ark Invest, led by Cathie Wood, purchased approximately $77.45 million worth of cryptocurrency-related stocks in June, CoinDesk reported. The purchases, calculated based on closing prices for each trading day, included $44 million in Coinbase (COIN), $25.25 million in Circle (CRCL), and $8.2 million in Bullish (BLSH). This buying activity occurred as Bitcoin (BTC) fell 20% in June, marking its worst monthly performance since 2022. During the same period, COIN dropped 20%, CRCL fell 40%, and BLSH declined 27%.