Circle dropped 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.

Ark bought $6.85 million worth of Coinbase shares, $6.21 million worth of Circle Internet Group, and $3.54 million in Bullish on Monday.

ARK Invest bought $43M in Coinbase and Circle shares over three trading days as both crypto stocks fell double digits. Here's what it means for investors.