ARK Invest Expands Cryptocurrency Stock Holdings During Market Decline
Cathie Wood's investment firm ARK Invest expanded its positions in crypto-related companies including Robinhood, Circle, BitMine, and Bullish through multiple innovation and financial technology ETFs during the recent market downturn.
The investment management company founded by Cathie Wood, ARK Invest, disclosed on Monday that it had expanded its holdings in cryptocurrency-related equities during a challenging week for stock markets.
Through a trade notification provided to Cointelegraph on Monday, ARK Invest disclosed that it had acquired additional positions in various companies including the trading platform Robinhood, the stablecoin issuer Circle, Jack Dorsey's Block Inc, the digital asset management firm BitMine, and cryptocurrency exchanges Coinbase and Bullish, alongside other related companies.
These acquisitions were executed predominantly through two of the company's exchange-traded funds (ETFs), specifically the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF), with the ARK Next Generation Internet ETF similarly increasing its holdings in cryptocurrency-related equities.
Among the most significant acquisitions were 235,077 shares of HOOD, valued at approximately $21.1 million based on current market prices, alongside 274,358 BMNR shares with a value of roughly $6.2 million, both within the ARKK ETF portfolio.
Cryptocurrency-related stocks experienced a difficult beginning to the week, with leading crypto equities trading in negative territory on Monday, based on information from Google Finance. During the current trading session, Robinhood and Circle have declined by nearly 10% and 8%, respectively, whereas BitMine and Bullish have dropped by 9.16% and 4.47%, respectively.
Stock prices for Coinbase, Strategy, Metaplanet and Galaxy Digital have experienced declines as well.
The exchange-traded funds managed by ARK Invest have experienced considerable market pressure throughout recent months, as the market has continued to struggle following the cryptocurrency market crash that occurred in October.
ARK Invest similarly increased its cryptocurrency stock holdings toward the end of last month even as the market experienced significant downward pressure.
The downturn in cryptocurrency stocks has occurred in conjunction with a difficult period for digital currency valuations this year, as Bitcoin (BTC) dropped beneath the $80,000 threshold in February for the first occurrence since April 2025.