Solana Latest Updates: ARK Makes Major Investment in Crypto Infrastructure Amid ETF Outflows
- ARK Invest's ETFs (ARKK, ARKW, ARKF) now hold $2.15B in crypto assets, reallocating from traditional tech stocks. - The firm increased crypto exposure to 29% in ARKF, investing in Coinbase, Robinhood, and Bullish (CoinDesk's parent). - Despite mixed reactions to Solana ETFs and outflows in Bitcoin/Ethereum ETFs, ARK emphasizes long-term crypto infrastructure bets.
ARK Invest's
This transition is especially evident in ARKF, where 29% of its holdings are now in crypto-related assets. ARKW follows with 25.7%, and
 
    The company has also made a substantial investment in Bullish, CoinDesk's parent firm, purchasing $5.3 million in shares this week and raising its total holding to 2.27 million shares worth $114 million. This aligns with ARK's ongoing focus on digital asset infrastructure, a sector it has targeted since Bullish's $1.1 billion IPO earlier this year, as noted in the Coindesk report.
At the same time, the debut of
However, the overall crypto ETF market is encountering challenges.
In contrast to the market's turbulence, ARK is focusing on long-term investments in crypto infrastructure as a safeguard against stagnation in traditional asset classes. While some remain skeptical about the durability of this approach, ARK's increasing allocations suggest a growing acceptance of digital assets as a fundamental part of institutional portfolios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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