Ark Invest buys BitMine and Solana ETF shares

• Ark Invest bought about $251,000 worth of BitMine and Solana ETF shares.
• The purchases show the firm is still backing crypto investments.
• More fund managers are adding digital assets to their portfolios.

Ark Invest has bought about $251,000 worth of shares in BitMine Immersion Technologies and a Solana (CRYPTO:SOL) exchange-traded fund.

The latest purchases show the investment firm is still adding crypto-related assets to its portfolios.

BitMine Immersion Technologies is a Bitcoin mining company, while the Solana ETF gives investors exposure to Solana without owning the token directly.

Ark Invest regularly changes its holdings and continues to invest in companies linked to the digital asset industry.

The purchases come as more institutional investors increase their exposure to cryptocurrency exchange-traded products.

Ark Invest, led by Cathie Wood, has backed blockchain technology and cryptocurrencies for several years.

At the time of reporting, Solana price was $76.45.