According to ARK Invest's latest daily trading disclosure, Cathie Wood's ARK Invest spent $25.54 million on June 26 to buy shares of Coinbase, SpaceX, Circle, Bullish, and Robinhood. The largest allocation was $10.19 million in Coinbase (68,366 shares), followed by $7.01 million in SpaceX and $5.79 million in Circle. The move underscores Wood's continued bullish stance on crypto infrastructure and compliant platforms.
According to the latest daily trading disclosure from ARK Invest, Cathie Wood's ARK Invest spent $25.54 million on June 26 to purchase shares of Coinbase, SpaceX, Circle, Bullish, and Robinhood. The breakdown is as follows:
- $10.19 million in Coinbase (68,366 shares);
- $7.01 million in SpaceX;
- $5.79 million in Circle;
- Remaining funds allocated to Bullish and Robinhood.
This batch of purchases continues Wood's strategy of betting on crypto infrastructure and compliant trading platforms. Coinbase, as the largest compliant exchange in the U.S., has long been a favorite of ARK. SpaceX, while not a pure-play crypto company, is led by Elon Musk who is closely tied to the crypto industry. Circle is the issuer of the USDC stablecoin. Notably, ARK also invested in crypto exchange Bullish and retail trading platform Robinhood, further indicating its optimistic outlook on the mainstream adoption of crypto assets.
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