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). This would mark a change in the ETF’s position. AccordingMarketWatch.

Ark Invest ETFs are a testament to their history of making bold investments in the technology industry, as shown by their decision to buy Shares in Robinhood (NASDAQ): $80 MillionThe prices dropped in October 2021. Wood also believes crypto is a good investment, even though it was not yet profitable. Purchase the ETF’s first Futures ETFThe same month.