PANews reported on October 28th that according to The Block, Cathie Wood's Ark Invest purchased $30.9 million worth of Block Inc. (XYZ) shares through its three ETFs on Monday, indicating that the company is increasing its investment in cryptocurrency-related stocks. The ARK Innovation ETF (ARKK) purchased 210,916 shares of Block, and the ARK Next Generation Internet ETF (ARKW) purchased 59,827 shares of Block. The ARK Fintech Innovation ETF (ARKF) also purchased 114,842 shares of Block. Block's stock price rose 0.77% on Monday, closing at $80.15. The stock has risen 37.43% over the past six months but is down 7.61% year-to-date.