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ARK Invest bought $17M in crypto stocks on a down day. Coinbase and Circle got bigger. Bullish got trimmed. Cathie Wood is leaning in.
Today's key developments:
• ARK Invest bought $17M in crypto-adjacent stocks on a down day. It added to Coinbase and Circle while trimming its Bullish position by about $8M.
• Bitcoin is breaking a midterm election pattern that held every two years going back to 2014. BTC sits near $77k instead of rallying into the cycle.
• France scrapped its proposed crypto exit tax. The National Assembly postponed the 2027 budget vote for the second time. A November 17 deadline for the first reading is now approaching.
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⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
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