Ark Invest Buys Over $75 Million in Crypto-Related Stocks in June

CoinFeed July 1 news, according to CoinDesk report, Ark Invest bought over $75 million in crypto-related stocks during the sharp decline in crypto assets in June, including about $44 million Coinbase (COIN), $25.25 million Circle Internet (CRCL) and $8.2 million Bullish (BLSH). Bitcoin recorded its worst monthly performance in four years, and shares of several crypto companies fell. Circle's stock fell 40% for the month to $62.63, and dropped another 18% on June 30 due to the launch of stablecoin Open USD (OUSD). COIN closed down about 20% for the month at $146.19, and BLSH fell 27% to $23.43.