ARK Invest’s Strategic $9.2M Bet on Ethereum Infrastructure Signals Long-Term Confidence
In a bold move underscoring its bullish stance on Ethereum, Cathie Wood's ARK Invest has allocated $9.2 million to acquire 240,507 shares of Bitmine Immersion Technologies (BMNR) across three funds as of November 6, 2025. This strategic investment highlights institutional conviction in Ethereum's underlying infrastructure despite recent market fluctuations. Bitmine's formidable treasury—holding 3.31 million ETH (valued at over $11 billion)—positions it as a critical player in blockchain's future. The purchase reflects growing institutional recognition of Ethereum's ecosystem strength, particularly as LAYER 2 solutions and enterprise adoption accelerate. With ETH's fundamentals strengthening post-Merge and Bitmine's immersion cooling technology optimizing mining efficiency, ARK's investment may foreshadow renewed institutional capital inflows into Ethereum-centric assets through 2026.
ARK Invest Bolsters Ethereum-Linked Position with $9.2M Bitmine Purchase
Cathie Wood's ARK Invest has deepened its exposure to Ethereum-centric assets, acquiring 240,507 shares of Bitmine Immersion Technologies (BMNR) across three funds. The $9.2 million November 6 purchase signals conviction in blockchain infrastructure plays despite recent sector volatility.
Bitmine's substantial treasury—holding 3.31 million ETH worth over $11 billion—positions it as a strategic proxy for institutional ethereum exposure. The stock's 4% rebound post-purchase contrasts with its 35% monthly decline, suggesting ARK views current valuations as entry points.
This marks ARK's third BMNR accumulation in 2023, following July's $182 million position. The allocation across ARKK, ARKW, and ARKF funds demonstrates Wood's thematic focus on disruptive tech convergence—from digital asset infrastructure to fintech innovation.
Ethereum Price Rally a Trap? Trader Predicts One More Drop Coming
Ethereum's recent bounce to $3,460 after weeks of decline has sparked cautious optimism, but analyst Ted warns of a potential 'false signal.' The 5% daily surge appears driven by short liquidations—$133.83 million in ETH positions were wiped out—rather than organic demand. Markets often misinterpret such squeezes as reversals.
Technical resistance looms at $3,700-$3,800, a zone where ETH has repeatedly stalled. Ted anticipates another leg down toward $2,800 before sustainable recovery begins. 'This is classic bear market psychology,' he notes. 'Liquidation-induced bounces lure buyers before the final capitulation.'
ARK Invest Boosts BitMine Stake While Reducing Tesla Holdings
Cathie Wood's ARK Invest has significantly increased its exposure to BitMine, the Ether treasury firm founded by Tom Lee, acquiring $2 million worth of shares across three ETFs. The move signals continued confidence in cryptocurrency adoption as BitMine's stock surges 415% year-to-date.
Concurrently, ARK trimmed its Tesla position by $30 million, marking a gradual retreat from one of its core holdings. The reduction follows shareholder approval of Elon Musk's controversial compensation package, which could dilute existing shareholders.
The divergent trades highlight ARK's strategic pivot toward crypto assets. BitMine gained particular attention after beginning to hold Ether as a treasury reserve in April, with its shares jumping 7.65% following ARK's latest investment.
Ethereum Struggles to Regain Momentum Amid Market Uncertainty
Ethereum faces mounting pressure as its price drops 11% this week, underperforming alongside a 4% Nasdaq decline. Weak corporate earnings and AI stock valuations triggered a broader market retreat, while U.S. government shutdown fears exacerbated risk-off sentiment.
Derivatives markets reflect waning confidence. Ethereum's monthly futures premium lingers near 4%—below the 5-10% historical range—signaling diminished appetite for Leveraged longs. The network's fundamentals show parallel softening: DeFi TVL plunged 24% to $74 billion after Balancer v2's $120 million exploit, while DApp revenues fell 18% in October.
Institutional interest falters as U.S. spot ETH ETFs bled $507 million this month. Though onchain activity edged higher with 5% more active addresses, the Fusaka upgrade in early December now carries heightened significance as a potential catalyst for ETH's beleaguered price action.
