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Cathie Wood-Led Ark Invest's Crypto Pivot? Buys $5.6M Worth Of Block Shares, Sells Up Grayscale Bitcoin Trust Holdings - ARK Fintech Innovation ETF (ARCA:ARKF), ARK Next Generation Internet ETF (ARCA:ARKW), GRAYSCALE BITCOIN TRUST by Grayscale Bitcoin Tru

Summary by Benzinga
On Monday, Cathie Wood-led Ark Invest made a significant move by purchasing $5.6 million worth of shares in Block Inc (NYSE:SQ), a company spearheaded by Twitter co-founder Jack Dorsey. The investment firm’s decision comes amidst a broader crypto market rally, signaling a strategic pivot in Ark Invest’s portfolio. The Block Inc. Trade On Monday, Ark purchased Block shares through its flagship ARK Innovation ETF (NYSE:ARKK) as well as ARK Next Ge…

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Benzinga broke the news in New York, United States on Tuesday, November 7, 2023.
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