Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). The purchase of this stock would be a significant change for the ETF. As perMarketWatch.

Ark Invest ETFs are a testament to their history of making bold investments in the technology industry, as shown by their decision to buy $80,000,000 in Robinhood shares (NASDAQ:The prices dropped in October 2021. Wood remains bullish about crypto, despite the fact that it has not been adopted. Purchase the ETF’s first Futures ETFThat was the same month.