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. AccordingMarketWatch.

Ark Invest ETFs show a track record of big purchases in the tech sector, which is evident by their recent move to buy Shares in Robinhood (NASDAQ): $80 MillionAfter the October 2021 price drop, Wood is bullish on crypto. Wood remains bullish about crypto, despite the fact that it has not been adopted. Buy the First Futures ETFThat was the same month.