Ark Invest Buys More Square Stocks

Ark Invest bought more Square stocks. The recent market pull-back may also have good aspects! Because during the pull-back, institutions won time to do research and explore the crypto industry. Now, Ark Invest even filed for a bitcoin ETF.

And now the firm bought 225,937 Square shares, giving them indirect exposure to bitcoin. On Friday, the asset management firm also bought 214,718 shares of Coinbase.

Both, Coinbase and Square, hold vast amounts of bitcoin. And especially Coinbase plays an essential role in the crypto industry. 

The chances are high that more institutions enter the crypto industry by investing in companies that have exposure to bitcoin & Co.

But if more institutions will choose this path is yet to see.

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