💡 An interesting thing: June saw the highest-ever outflow from ETFs, yet ARK Invest went on a crazy buying spree
The data is in—
In June, the total net outflow from US spot Bitcoin ETFs was $4.51 billion, the largest monthly outflow since the ETFs were launched.
The biggest outflow came from BlackRock’s IBIT.
But in the same month, ARK Invest quietly did the exact opposite:
It bought more than $75 million worth of crypto-related stocks.
ARK’s main purchase targets were:
• Coinbase (COIN)
• Robinhood
• Strategy (MSTR)
This isn’t the first time ARK has added positions against the trend in a bear market—Cathie Wood has a distinctive investing style: buy more as prices fall, building positions when others are at their most panicked.
So what were the results of her historical approach?
Sometimes it paid off, and sometimes it didn’t—ARK’s actions in 2021 made it legendary, but in 2022 it also suffered heavy losses by stubbornly holding on.
An institution managing hundreds of billions chose to buy during the most fearful months—how do you interpret this signal?👇
#ARK #ETF #BinanceSquare