Ark's 10% fund cap split a $37.4 million Block buy across three ETFs

Crypto Insight Summary: Ark Invest bought 456,059 Block shares worth about $37.4 million on Monday, splitting the buy across ARKK, ARKW and ARKF to hold under its 10% fund cap. Crypto Insight Analysis: Direction: Bullish SQ Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Ark Invest's $37.4M Block purchase signals institutional confidence, boosting SQ price temporarily.