ARK Invest Buys Coinbase, Circle and Bullish as Crypto Stocks slide
Cathy Wood's ARK Invest increased its exposure to crypto-related stocks, adding shares of Coinbase, Circle and Bullish as prices slid across the sector.
According to ARK's daily trading statements released on Friday, ARK Innovation ETF (ARKK) of Coinbase Global Inc. It bought 38,854 shares, while ARK Fintech Innovation ETF (ARKF) added another 3,325 shares, totaling $9.4 million worth of shares on exchange. Coinbase shares closed up 2.77% on the day at $216.95.
ARK added a total of 129,446 Circle Internet Group shares through ARKK and ARKF, a position worth approximately $9.2 million. The firm also added 88,533 bullish shares while investing about $3.2 million in the same ETFs. Circle shares were little changed on the day, slipping 0.03% while Bullish shares fell 2% on the session, closing at $35.75.
Alongside the crypto buying, ARK sold 12,400 shares in its portfolio, including Meta Platforms, to adjust its position to around $8.03 million.
RELATED: Cathy Wood Says ARK's $1.5M Bitcoin Bull Price Hasn't Changed As Markets Eye Rally
Crypto pullback weighs on ARK ETFs.
As Cointelegraph reports, the downturn in crypto markets during the fourth quarter of 2025 weighed heavily on several of Cathy Wood's ARK ETFs. In its quarterly report, ARK pointed to crypto-linked equities as the main source of weakness in its core products.
Coinbase emerged as the quarter's biggest loser, dragging down the performance of the ARK Next Generation Internet ETF (ARKW), ARKF, and ARKK. ARK said spot trading volume on centralized exchanges fell 9% quarter-on-quarter following the October liquidity event, while Coinbase said shares fell faster than Bitcoin (BTC) and Ether (ETH).
Roblox was the second-biggest drag on ARK ETFs, despite posting strong third-quarter booking growth. In the year Shares fell after the company warned that operating margins would shrink in 2026 and Russia faces further pressure following a platform ban.
Related: Cathy Wood Still Bullish on $1.5M Bitcoin Price Target: Finance Redefined
ARK Invest sees the crypto market reaching 28T by 2030
ARK's continued interest in the crypto market comes as the company expects the digital asset market to grow to $28 trillion by 2030, largely due to increasing Bitcoin adoption and price appreciation. In its Big Ideas 2026 report, ARK predicts that the crypto market will expand at a 61% compound annual growth rate, with Bitcoin accounting for 70% of the total market value.
If ARK produces around 20.5 million bitcoins by 2030, the forecast shows a bitcoin price in the range of $950,000 to $1 million. The institution cited growing institutional involvement.
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