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Ark Innovation ETF dips 26%, Cathie Wood buys crypto infrastructure amid AI and quantum concerns

Market News
03 Apr 2026
24/7 Wall Street
View Source
Bullish
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Cathie Wood's Ark Innovation ETF has fallen nearly 26% from its peak amid tech sell-offs and market pressures. Despite this, Wood is buying dips, focusing on mega-cap tech and crypto infrastructure firms like Coinbase, Circle, and Block. She sees potential in crypto assets as AI-driven commerce grows, suggesting crypto could become a preferred currency for AI agents, despite quantum computing threats to Bitcoin. This strategy may boost the ETF if crypto infrastructure gains traction in the future.

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