The post Ark Invest Scoops Up Crypto Stocks Despite Market Turmoil appeared on BitcoinEthereumNews.com. Ark Invest purchased around $39 million in crypto-related stocks during a major market dip. Coinbase, Circle, BitMine, and Bullish stocks all remain under heavy pressure. Coinbase shares dropped 7.44% to $238.16 while BitMine crashed 10.83%. Cathie Wood’s Ark Invest executed its largest daily buying spree of the week and bought multiple crypto-linked equities through its ARKK, ARKW, and ARKF ETFs. The firm acquired $10.1 million in Coinbase, $9.9 million in BitMine, $9 million in Circle, and $9.65 million in Bullish exchange shares. Along with crypto-related stocks, Ark also bought $16.8 million in Nvidia and $6.8 million in Robinhood. Buying Into the Dip as Crypto Stocks Bleed Ark Invest’s buying came alongside a more than 8% decline in the total crypto market cap of $2.91 trillion. Coinbase fell 7.44% to $238.16, BitMine dropped 10.83%, and Circle dropped 4%. Bullish saw a slight gain but is down nearly 38% over the past month. According to CoinMarketCap, Bitcoin itself crashed more than 9% in the last 24 hours to around $83,715. The market leader is now down 33.65% from its all-time high of $126K, seen over a month ago. Interestingly, the Circle shares’ acquisition follows the stablecoin issuer’s $214 million Q3 net income. Bullish remains a key institutional exchange while BitMine dominates the Ethereum ecosystem with massive partnerships and purchases. In a November 6 interview with CNBC’s Squawk Box, Wood highlighted that the adoption of stablecoins such as Tether (USDT) and Circle’s USD Coin (USDC) has exceeded earlier expectations.  Their growing prominence, especially in emerging markets where financial systems often lack reliability, has begun to command the market share Ark had originally projected for Bitcoin, Wood added. Structural Shifts in Bitcoin Ownership New research from Ark analyst David Puell shows early adopters offloading Bitcoin at the fastest pace since 2021. Bitcoin’s liveliness metric… The post Ark Invest Scoops Up Crypto Stocks Despite Market Turmoil appeared on BitcoinEthereumNews.com. Ark Invest purchased around $39 million in crypto-related stocks during a major market dip. Coinbase, Circle, BitMine, and Bullish stocks all remain under heavy pressure. Coinbase shares dropped 7.44% to $238.16 while BitMine crashed 10.83%. Cathie Wood’s Ark Invest executed its largest daily buying spree of the week and bought multiple crypto-linked equities through its ARKK, ARKW, and ARKF ETFs. The firm acquired $10.1 million in Coinbase, $9.9 million in BitMine, $9 million in Circle, and $9.65 million in Bullish exchange shares. Along with crypto-related stocks, Ark also bought $16.8 million in Nvidia and $6.8 million in Robinhood. Buying Into the Dip as Crypto Stocks Bleed Ark Invest’s buying came alongside a more than 8% decline in the total crypto market cap of $2.91 trillion. Coinbase fell 7.44% to $238.16, BitMine dropped 10.83%, and Circle dropped 4%. Bullish saw a slight gain but is down nearly 38% over the past month. According to CoinMarketCap, Bitcoin itself crashed more than 9% in the last 24 hours to around $83,715. The market leader is now down 33.65% from its all-time high of $126K, seen over a month ago. Interestingly, the Circle shares’ acquisition follows the stablecoin issuer’s $214 million Q3 net income. Bullish remains a key institutional exchange while BitMine dominates the Ethereum ecosystem with massive partnerships and purchases. In a November 6 interview with CNBC’s Squawk Box, Wood highlighted that the adoption of stablecoins such as Tether (USDT) and Circle’s USD Coin (USDC) has exceeded earlier expectations.  Their growing prominence, especially in emerging markets where financial systems often lack reliability, has begun to command the market share Ark had originally projected for Bitcoin, Wood added. Structural Shifts in Bitcoin Ownership New research from Ark analyst David Puell shows early adopters offloading Bitcoin at the fastest pace since 2021. Bitcoin’s liveliness metric…