Saw that ARK Invest just loaded up on crypto stocks over the past few trading sessions - we're talking around $70 million worth of bitcoin related stocks. Interesting timing given how much pressure bitcoin and the broader market have been under lately. Cathie Wood's team doesn't usually chase things when they're pumping, so catching bitcoin related stocks on a dip like this makes sense from their playbook. The move suggests they're seeing value in the sector even while bitcoin slides. Makes you wonder if this is a signal that some of the smart money thinks we're getting closer to a bottom in crypto stocks. Either way, worth keeping an eye on how this position plays out over the next few quarters.

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