Ark Invest Buys Over $75M in Crypto Stocks in June, Including $44M Coinbase

BTC-1.13%
According to CoinDesk, Ark Invest purchased over $75 million in crypto-related stocks during June, including approximately $44 million in Coinbase (COIN), $25.25 million in Circle Internet (CRCL), and $8.2 million in Bullish (BLSH). Bitcoin recorded its worst monthly performance in four years as the sector declined sharply. COIN fell about 20% to $146.19, CRCL dropped 40% to $62.63 (then declined an additional 18% on June 30 following the launch of Open USD stablecoin), and BLSH fell 27% to $23.43.
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