Solana Latest Updates: ARK Makes Major Investment in Crypto Infrastructure Amid ETF Outflows
- ARK Invest's ETFs (ARKK, ARKW, ARKF) now hold $2.15B in crypto assets, reallocating from traditional tech stocks. - The firm increased crypto exposure to 29% in ARKF, investing in Coinbase, Robinhood, and Bullish (CoinDesk's parent). - Despite mixed reactions to Solana ETFs and outflows in Bitcoin/Ethereum ETFs, ARK emphasizes long-term crypto infrastructure bets.
ARK Invest's
This transition is especially evident in ARKF, where 29% of its holdings are now in crypto-related assets. ARKW follows with 25.7%, and
The company has also made a substantial investment in Bullish, CoinDesk's parent firm, purchasing $5.3 million in shares this week and raising its total holding to 2.27 million shares worth $114 million. This aligns with ARK's ongoing focus on digital asset infrastructure, a sector it has targeted since Bullish's $1.1 billion IPO earlier this year, as noted in the Coindesk report.
At the same time, the debut of
However, the overall crypto ETF market is encountering challenges.
In contrast to the market's turbulence, ARK is focusing on long-term investments in crypto infrastructure as a safeguard against stagnation in traditional asset classes. While some remain skeptical about the durability of this approach, ARK's increasing allocations suggest a growing acceptance of digital assets as a fundamental part of institutional portfolios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP’s $2.4–$2.5 Support Level Under Pressure: Will It Bounce Back or Drop Further?
- XRP faces critical $2.4–$2.5 support test amid broader crypto market declines, with technical indicators hinting at potential rebound if buyers defend this range. - Ripple's institutional expansion through Palisade acquisition and chip-enabled prepaid partnerships aims to drive long-term value despite 15% weekly token decline. - Key technical levels at $2.60 (200-day EMA) and $1.90 (June support) could determine whether XRP follows DOGE's volatile pattern or establishes sustained bullish momentum. - Mark

Hyperliquid News Today: Buzz and Speculation Drive BSC Meme Coin Rally, GIGGLE Approaches $90 Million
- GIGGLE, a BSC meme coin, surged 22% to $87.21M market cap, sparking broader BSC meme token rallies. - "Binance Life" and "Hakimi" saw 20-15% spikes, driven by speculative demand and community hype per Lookonchain. - BSC's low fees and Binance's ecosystem support create fertile ground for meme coins, noted blockchain researchers. - Experts caution BSC meme coins remain highly volatile, with risks from social media sentiment and unclear regulations.

Crypto Fraud Rises While International Authorities Strain to Catch Up
- Singapore and Malaysia intensify cross-border crackdowns on crypto scams, seizing $150M assets linked to Cambodian syndicates and pursuing regional fugitives. - ZachXBT ranks Nigeria, India, Canada, UK, and Russia as top jurisdictions for crypto fraud recovery challenges due to legal delays and frozen assets. - Meta deploys AI tools to combat WhatsApp/Messenger scams, aligning with Singapore's facial recognition mandates under the Online Criminal Harms Act. - Global fraud surges include $500M telecom loa

Treasury Targets International Network Supporting North Korea's Nuclear Program
- U.S. Treasury sanctions 8 North Korean bankers and 2 firms for laundering $5.3M in crypto to fund nuclear programs, targeting First Credit Bank and Ryujong Credit Bank. - Report reveals North Korea's cybercrime schemes siphoned $3B in digital assets over three years via global shell companies and financial networks in China/Russia. - U.S. seeks UN sanctions on 7 ships illegally exporting $200M-$400M/year in coal/iron to China, but faces Russian/Chinese opposition to stricter measures. - Secondary sanctio
