ARK Invest puts $21 million in 3iQ Ether ETF after major Coinbase stock sale – Invezz

ARK Invest recently invested $21 million in the 3iQ Ether ETF after selling a significant amount of Coinbase stock. This move indicates ARK Invest’s confidence in the potential of Ethereum and the cryptocurrency market as a whole. The investment comes at a time when the popularity and value of cryptocurrencies are on the rise, making them an attractive option for many investors.ARK Invest’s decision to put such a large sum of money into the 3iQ Ether ETF shows their belief in the future growth of Ethereum and the overall cryptocurrency market. This move also highlights the increasing interest in cryptocurrencies among institutional investors, further solidifying the legitimacy of digital assets as a viable investment option.