Another wave of major moves by institutions. Ark Invest, a well-known investment leader led by a female industry veteran, has recently been making frequent moves in the market, continuously expanding its positions in publicly listed companies within the crypto ecosystem through its ETF funds ARKK, ARKW, and ARKF. According to trading data, they have invested heavily within just one week—BitMine received a $17 million order, Coinbase was increased by $16.26 million, and Circle also received a $10.8 million investment. Moreover, publicly traded companies related to crypto such as Block and Bullish are also on their shopping list. What does this operation reflect? Is it confidence in the long-term value of the cryptocurrency sector or short-term market arbitrage? Worth paying attention to. From BitMine to Coinbase, from Circle to Block, these companies are participating in the construction of the crypto ecosystem in various ways—some are mining, some are trading, and some are stablecoins. Ark Invest’s increased holdings, to some extent, are also a bet on the diversification of the entire crypto industry.