Ark Invest spent a further $9 million buying Block shares

Three exchange-traded funds managed by Ark Invest bought Block securities—Block, the company led by Jack Dorsey—for a total of more than $9 million. This is according to the отчета of the management company.

Investments were distributed as follows: Ark Innovation ETF bought 104,480 shares, 17,162 — Ark Next Generation Internet ETF and 905 — Ark Fintech Innovation ETF.

Taking into account the latest operations, the total value of Ark Invest’s purchases of Block’s securities has surpassed $30 million — $13.7 million on March 14 and $6.4 million the day earlier.

Earlier, Ark Invest attracted $16.3 million into two private crypto funds based in the United States and the Cayman Islands.

Earlier, the fund structures bought additional Coinbase securities and those of the online broker Robinhood for $3.44 million and $9.97 million respectively. Later, the funds added another $20 million of shares of the U.S. crypto exchange to their portfolios.