Cathie Wood’s ARK Invest Opens Position in Company Merging With Stablecoin Giant Circle: Report

Veteran hedge fund manager Cathie Wood’s ARK Invest is buying up shares of a special-purpose acquisitions company (SPAC) that is merging with a prominent stablecoin firm. According to a report from MarketWatch, Wood’s ARK Fintech Innovation exchange-traded fund (ETF) spent $705,820 on 69,300 shares of Concord Acquisition Corporation (CND), a SPAC that recently announced it […] The post Cathie Wood’s ARK Invest Opens Position in Company Merging With Stablecoin Giant Circle: Report appeared first on The Daily Hodl.