ARK Invest has invested 60 million dollars in crypto assets.

Cathie Wood's ARK Invest has taken a significant step during the downturn of crypto assets by making a stock purchase worth nearly 60 million dollars. Among the investments made are notable companies such as Coinbase, Bullish, and Circle.

ARK's investment strategy focuses on making purchases during downturns in the markets. The recent multi-day selling wave in crypto stocks has once again highlighted ARK's approach.

In recent weeks, crypto stocks have faced significant declines in stock values of companies such as Bitmine, Circle, CoreWeave, Coinbase, and Bullish.