Cathie Wood's ARK Invest Adds More Bitcoin Exposure as GBTC and Coinbase Stock Hit New Lows

ARK Invest Makes Good Bargains as Coinbase Shares Hit All-Time Lows and GBTC Trades at Nearly 50% Discount compared to the already suppressed bitcoin spot price.

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Bitcoin (BTC) company stocks are a major 'buy' for asset manager ARK Invest amid the FTX crash.

The latest data confirms that ARK continues to increase its holdings in both the Coinbase (COIN) exchange and the Grayscale Bitcoin Trust (GBTC).

Cathie Wood buys the dip

With the FTX contagion still rippling through the crypto industry, ARK's decision to add exposure to two companies caught in the line of fire stands out.

According to figures provided by CEO Cathie Wood's dedicated tracking resource, Cathie's Ark, the company added 176,945 GBTC shares on November 21.

These join a larger slice of 273,327 shares from November 15, with this purchase being completed just a week after FTX's collapse.

ARK Invest GBTC Holdings Chart (capture of 'screen). Source: Cathie's Ark

Since then, GBTC has been in the spotlight as parent company Digital Currency Group (DCG) battles its own FTX issues.

Coinbase is another target for ARK. Since the start of November, the company has added 1.3 million COIN shares, bringing its total stake to 8.374 million – near all-time highs.

COIN stocks now represent the 12th largest position in ARK.

ARK Invest COIN holdings chart (cap. . .