Ark Invest purchased over $75 million in cryptocurrency-related stocks in June

According to CoinDesk, Ark Invest increased its holdings in related stocks during the decline in cryptocurrency company stock prices in June, purchasing $44 million in Coinbase stock, $25 million in Circle Internet stock, and $8.2 million in Bullish stock.

Circle's stock price fell 40% in June, closing at $62.63 at the end of the month, with an 18% drop on June 30 after the launch of competitor stablecoin Open USD.