ARK Invest bought roughly $43.5 million worth of crypto-linked stocks over the last three trading sessions, with the largest additions going to Coinbase and Circle. Data cited in the report shows the firm acquired 122,544 Coinbase shares since Thursday, a purchase valued at about $18.6 million. Over the same stretch, it bought 169,777 shares of Circle, worth around $12.9 million.
Five names made up the buying wave
Beyond Coinbase and Circle, ARK also added positions in Bullish, Robinhood, and SoFi Technologies. The reported purchase amounts were about $5.2 million for Bullish, $5.12 million for Robinhood, and $1.69 million for SoFi. Robinhood has recently drawn attention for its activity in tokenization, the process of turning assets such as shares, bonds, fund units, or real estate into digital tokens on blockchain networks. That structure is often associated with faster trading and smaller, more tradable units.
Buying came during a broad pullback
The move landed during a weak period for crypto-related equities. Over the last month, Circle shares fell 27.6%, Coinbase dropped 16.9%, and Bullish lost 26.3%. The report said ARK materially increased its Coinbase and Circle exposure during the decline seen across the last three sessions.
Bitcoin also slid in the same period, falling to $58,190 and nearing its lowest levels in two years. The article also pointed to softer expectations for passage of the U.S. CLARITY Act before the November midterm elections, a backdrop that coincided with the pressure across the sector.
Most purchases were routed into ARK ETFs
Most of the newly purchased shares were added to the flagship ARK Innovation ETF, followed by the ARK Next Generation Internet ETF. The ARK Blockchain & Fintech Innovation ETF, which focuses on crypto and financial technology, also increased exposure through additional buys. ARK Invest, founded by Cathie Wood, is widely known for targeting disruptive technology themes.
Outside the crypto segment, the firm also raised its positions in SpaceX and Palantir over the same three-day window, while trimming holdings in Alibaba, Roku, Strata Critical Medical, and several other companies.