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ARK Invest Loads Up on Crypto Stocks and Bitcoin ETFs Amid Market Downturn
ARK Invest ended the week with an aggressive sweep across crypto-related equities, expanding positions in Bullish, Circle, BitMine, Robinhood, and several Bitcoin ETFs as the sector showed signs of recovery.
Bullish Leads ARK’s Weekly Shopping Spree
The largest allocations went to Bullish, with the ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) all increasing their exposure. Across the three funds, Friday’s purchases totaled about $2 million, following Bullish’s 5.75% daily gain.
ARK also kept accumulating BitMine, buying roughly $830,000 worth of shares across ARKF, ARKK and ARKW. BitMine closed the day slightly lower but continued trading near its recent level around $26.
The firm made additional smaller moves, including the purchase of 3,529 Circle shares valued at $250,000, as Circle’s stock rose more than 6%. ARK also added around $200,000 in new Robinhood shares.
Bitcoin ETF Holdings Grow Despite Market Downturn
On Friday, ARK increased its exposure to Bitcoin ETFs by nearly $600,000, led by fresh buys of the ARK 21Shares Bitcoin ETF (ARKB). ARKF and ARKW together scooped up more than 20,000 shares.
The timing is notable. The U.S. spot Bitcoin ETF market is experiencing one of its sharpest downturns since launch, with the 12 funds registering nearly $1 billion in net outflows on Thursday—their second-largest daily withdrawal ever. Over the past month, roughly $4 billion has exited the products as Bitcoin has fallen about 30% from recent highs.
ARK Intensifies Crypto Accumulation Through the Week
Thursday marked ARK’s largest buying day of the week, with the firm acquiring:
- $10.1 million in Coinbase
- $9.9 million in BitMine
- $9 million in Circle
- $9.65 million in Bullish
- Plus $16.8 million in Nvidia and $6.8 million in Robinhood
This buying streak followed Wednesday’s heavy accumulation: $16.8 million in Bullish, about $15 million in Circle, and approximately $7.6 million in BitMine across ARKF, ARKW and ARKK.
