ARK's bottom-fishing is bold enough; they dare to pick up Circle even after a 40% drop. The stablecoin narrative has collapsed, but are they betting on long-term regulatory benefits?

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CoinNetwork
Coin World News, according to CoinDesk, ARK Invest purchased over $75 million in crypto-related stocks during the June crypto asset decline, including $44 million in Coinbase (COIN), $25.25 million in Circle Internet (CRCL), and $8.2 million in Bullish (BLSH). Circle's stock fell 40% in June to $62.63, and on June 30, due to the launch of the stablecoin Open USD (OUSD), it dropped another 18% in a single day. Coinbase closed June down about 20% at $146.19, while Bullish fell 27% to $23.43.
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