ARK Invest has made significant investments in crypto-related stocks, purchasing $21 million worth of Bullish and $16 million in Robinhood shares amidst a market downturn. According to recent trade updates, ARK Invest's ARK Innovation ETF acquired over 356,000 shares of Bullish and nearly 151,000 shares of Robinhood. This continues a trend of increasing stockholdings in Bullish, where ARK had already bought over 2.5 million shares since its IPO. Despite this, both companies saw a decline in their stock prices on Tuesday, with Bullish dropping 6.09% and Robinhood down 6.54%. The broader crypto market also suffered, with other major players like Coinbase and Galaxy Digital experiencing declines. Investor confidence appears to waver following last week's uptick driven by optimism over interest rate cuts, as all eyes now turn to the upcoming Jackson Hole symposium for potential policy shifts from the Federal Reserve.

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