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ARK Invest Seizes Opportunity: Drops $18.6M on BitMine’s Ether Strategy Amid Market Dip
ARK Invest Seizes Opportunity: Drops $18.6M on BitMine’s Ether Strategy Amid Market Dip
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Cathie Wood's ARK Invest just doubled down on crypto—snapping up $18.6M worth of BitMine's Ether-focused shares while weak hands panicked. Because nothing says 'conviction' like buying when everyone else is dumping.
Why this matters: The move signals institutional players still see long-term value in Ethereum's ecosystem—even after 18 months of regulatory whack-a-mole. BitMine's structured products let ARK bypass the headache of direct custody (and probably a few compliance meetings).
The cynical take: Wall Street always buys the dip... after making sure retail investors sell first. Meanwhile, ETH's price action remains as predictable as a Vegas roulette wheel—but with better odds.
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