Jamie Crawley is a CoinDesk news reporter based in London.
The wider crypto market, as measured by the CoinDesk 20 Index , is nearly 8% higher than 24 hours ago. Solana's SOL led the gains, adding nearly 13% to trade around $137. XRP and DOGE have risen by around 7.5% and 11.8% respectively. BTC subsequently pulled back to trade around $55,000, some 7% higher on the day. “We might see a corrective rebound in Bitcoin's price,” Ruslan Lienkha, chief of markets at YouHodler, told CoinDesk in a Tuesday email.
The purchases were ARK's first of COIN since June last year and its first of HOOD since February. Coinbase stock lost 7.3% on Monday while HOOD dropped 8.17%. ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them once their prices recover. The company aims to avoid having one particular holding accounting for a weighting of more than 10% of any of its ETFs, which drove much of its COIN sales in recent months.
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