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Cathie Wood’s Ark Invest Leans Into Crypto Dip With Fresh Bitmine And Circle Purchases

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Cathie Wood’s Ark Invest kept buying into the crypto slump, adding to positions tied to digital assets as Bitcoin steadied in the mid $70,000s and sentiment stayed fragile.

Trade disclosures showed the firm’s ETFs bought about $3.25M of Bitmine Immersion Technologies on Tuesday, adding exposure to a stock that has tracked the broader slide in crypto-linked names.

The firm also added roughly $2.4M of Circle Internet Group through its funds, according to the same filings.

In addition, Ark picked up about $3.5M of Bullish, and it bought about $630,606 of Coinbase.

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Ark Steps Up Buying As Bitcoin Slips And Risk Appetite Weakens

The purchases landed in a market still shaped by deleveraging and shaky risk appetite. Bitcoin had slipped below $80,000 earlier in the week, and the pullback kept pressure on crypto-related equities as investors reassessed how much risk they wanted to carry.

Ark’s Tuesday trades followed a heavier round of buying on Monday, when the firm disclosed about $24.8M of added exposure across several crypto-exposed names, with Robinhood and Bitmine among the biggest adds.

That earlier filing included roughly 235,077 shares of Robinhood valued at about $21.1M, alongside 274,358 shares of Bitmine worth roughly $6.2M, based on the disclosed figures.

Long-Term Crypto Thesis Drives Ark’s Buy-The-Dip Strategy

The buying fits Ark’s long-running view that steep drawdowns can create entry points in public markets linked to crypto infrastructure, trading and stablecoins, especially when liquidity thins and volatility shakes out fast money.

In its Big Ideas 2026 report, Ark laid out the upside it still sees in the sector. The firm said the market “could grow at an annual rate of ~61% to $28 trillion in 2030”.

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The firm also expects Bitcoin to dominate that mix. “We believe Bitcoin could account for 70% of the market,” it said, with the remainder led by smart contract networks such as Ethereum and Solana.

The post Cathie Wood’s Ark Invest Leans Into Crypto Dip With Fresh Bitmine And Circle Purchases appeared first on Cryptonews.

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Crypto World

Aave Shutters Avara Brand and Family Crypto Wallet

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Aave Shutters Avara Brand and Family Crypto Wallet

Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.

Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.”

Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of users requires purpose-built experiences, such as savings, rather than generic, open-ended wallet experiences.”

The move marks Aave’s latest effort to refocus on products such as its flagship lending protocol as the project handed stewardship of Lens to the Mask Network last month, with Kulechov saying Aave’s role in the protocol would be reduced to an advisory role so it can focus on DeFi.

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Source: Stani Kulechov

Kulechov said in his latest post that Aave was “now united as one team of world-class designers, engineers, and smart contract experts, aligned around a single mission: bringing DeFi to everyone.”

All future projects under Aave Labs

Avara said in a blog post that “all current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs” to simplify the brand.

It added that accounts linked to the Family wallets “will continue as core infrastructure within Aave Labs products,” but the iOS app would be wound down over the next year.

No new users will be onboarded to the app from April 1, and existing users can continue using the app until April 1, 2027, and will continue to have full access to their funds on Aave’s website.

Related: There is no trust in DeFi without proper risk management

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Aave is the biggest DeFi protocol with $30 billion in total value locked, nearly $9 billion more than the next largest project, the staking protocol Lido, which has $21.7 billion in value locked, according to DefiLlama.