COIN

Robinhood

Tech-focused asset manager ARK Invest has capitalized on the recent crypto market downturn, buying a combined $43.5 million worth of shares in crypto firms such as Coinbase and Circle over the past three trading days.
Data from ARK Invest shows the asset manager bought another 122,544 shares in Coinbase (COIN) worth about $18.6 million since Thursday, while adding another 169,777 shares in Circle (CRCL) worth roughly $12.9 million over the same time frame.
The firm also purchased nearly $5.2 million worth of shares in <a href="https://cointelegraph.com/news/coinbase-okx-kraken-eu-users-mica" rel="noopener noreferrer nofollow">crypto exchange</a> Bullish (BLSH) and added another $5.12 million in <a href="https://cointelegraph.com/news/ark-13m-robinhood-trump-accounts" rel="noopener noreferrer nofollow">brokerage firm Robinhood</a> (HOOD), which has pushed aggressively into the crypto tokenization space in recent months. It also bought $1.69 million worth of shares in crypto-friendly bank SoFi Technologies (SOFI) on Monday.
<a href="https://cointelegraph.com/news/cathie-wood-ark-taps-kalshi-data-investment-decisions" rel="noopener noreferrer nofollow">ARK’s purchases</a> come as investors have turned bearish on these crypto-related stocks. CRCL, COIN and BLSH have fallen 27.6%, 16.9% and 26.3%, respectively, over the past month. During that time, Bitcoin (BTC) slipped to a <a href="https://cointelegraph.com/markets/bitcoin-done-85percent-crashes-cathie-wood-34k-target" rel="noopener noreferrer nofollow">near two-year low</a> of $58,190, while confidence that the CLARITY Act will pass before the US midterm elections in November has faded.
<img alt="" height="574" src="https://s3-images.ctmedia.io/media/content/pasted-image-1768.png" width="588">Changes made to ARK’s ARK Innovation ETF (ARKK) on Monday. Source: ARK Invest
Most of the <a href="https://cointelegraph.com/news/crypto-stocks-underperform-tech-market-slump" rel="noopener noreferrer nofollow">newly purchased shares</a> were added to the ARK Innovation ETF (ARKK), the firm’s flagship fund, followed by the ARK Next Generation Internet ETF (ARKW).
Related: <a href="https://cointelegraph.com/news/kiwoom-stake-bithumb-exchange" rel="noopener noreferrer nofollow">Kiwoom eyes Bithumb stake as Korean brokerages push into crypto: Report</a>&nbsp;
The ARK Blockchain &amp; Fintech Innovation ETF (ARKF) was also topped up with crypto-related stocks.
ARK also added to its positions in Elon Musk’s SpaceX (SPCX) and software intelligence platform Palantir (PLTR) over the past three trading days.
Over the same period, ARK reduced positions in Alibaba (BABA), Roku (ROKU), Strata Critical Medical (SRTA) and several other companies.
Magazine: <a href="https://cointelegraph-magazine.com/bitcoin-price-decline-rebound-xrp-risk-hype-token-market-moves/" rel="noopener noreferrer nofollow">Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves</a>&nbsp;

Cathie Wood’s ARK adds $43.5M in crypto stocks amid market dip

Cointelegraph

Other articles published on Jun 30, 2026

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