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ARK Invest Expands Crypto Exposure with Block Inc Shares Purchase

ARK Invest Expands Crypto Exposure with Block Inc Shares Purchase

Author:

Global Cryptocurrency

Published:

2025-10-28 12:52:02

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BTCCSquare news:

Cathie Wood's ARK Invest has deepened its commitment to the crypto sector with a $30 million purchase of Block Inc (NYSE: XYZ) shares. The move signals growing institutional confidence in blockchain infrastructure plays amid recent market volatility.

While the filing didn't specify particular cryptocurrencies, Block's Cash App supports Bitcoin transactions and the company has been actively developing blockchain solutions. This acquisition follows ARK's pattern of strategic bets on financial innovation through its actively managed ETFs.

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