ARK Invest Backs Ether-Holding Firm Amid Ethereum Exploit Trial
ARK Invest Backs Ether-Holding Firm Amid Ethereum Exploit Trial
Cathie Wood's ARK Invest has strategically invested in an Ether-holding company that experienced a significant stock surge, highlighting continued institutional interest in the crypto sector. Concurrently, a high-profile trial concerning a $25 million exploit on the Ethereum network concluded in a mistrial, underscoring ongoing security challenges and legal complexities within the blockchain space.
Cathie Wood’s ARK Invest added $2 million in BitMine shares across its ETFs as the Ether-holding firm’s stock surged 415% in 2025.
After a three-week trial, a New York jury was unable to reach a verdict on charges of money laundering and fraud related to a $25-million exploit on Ethereum.