PANews reported on November 15 that, according to Cointelegraph, ARK Invest increased its holdings of cryptocurrency-related assets during the market downturn, purchasing $5.83 million worth of BitMine stock and $2.91 million worth of Bullish stock.

According to ARK's daily trading disclosure on Friday, the ARK Fintech Innovation ETF (ARKF) increased its holdings of BitMine by 18,089 shares, the ARK Next Generation Internet ETF (ARKW) by 34,637 shares, and the ARK Innovation ETF (ARKK) by 116,681 shares, bringing the total increase for the day to 169,407 shares, worth approximately $5.83 million. In addition, ARKF bought 8,063 shares of Bullish, ARKW increased its holdings by 15,441 shares, and ARKK bought 52,011 shares. This brought ARK's total purchases of Bullish for the day to 75,515 shares, worth approximately $2.91 million.