ARK Invest, the investment firm led by Cathie Wood, is increasing its exposure to crypto‑related stocks despite the latest market pullback. The firm has added Coinbase, Circle, and Bullish to its portfolios, deploying more than 21 million dollars into these names.
According to ARK’s transaction data, the ARK Innovation ETF acquired 38,854 shares of Coinbase, while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares. The total value of these purchases was about 9.4 million dollars, with Coinbase shares ending the week 2.77% lower at 216.95 dollars.
ARK additionally bought 129,446 shares of Circle through ARKK and ARKF, worth roughly 9.2 million dollars. It invested a further 3.2 million dollars in 88,533 shares of Bullish. Circle’s stock finished almost flat, slipping just 0.03%, while Bullish declined 2% to 35.75 dollars.
In parallel with its crypto‑stock accumulation, ARK trimmed positions in other large‑cap names. The firm reduced its stake in Meta, selling 12,400 shares worth about 8.03 million dollars as part of a broader portfolio rotation.
Q4 crypto slump weighs on ARK ETFs
The sharp decline in digital assets during the fourth quarter of 2025 weighed heavily on several of Cathie Wood’s exchange‑traded funds. In its latest quarterly report, ARK flagged crypto‑related stocks as the main source of weakness across its flagship strategies.
Coinbase emerged as the largest drag on performance over the period. Its share price fell more than Bitcoin and Ethereum as spot trading volumes on centralized exchanges dropped 9% quarter‑on‑quarter following liquidations in October. The move hit the ARK Next Generation Internet ETF (ARKW) alongside ARKF and ARKK.
Roblox became the second‑largest detractor for ARK’s funds. Its shares declined after the company warned of lower operating margins in 2026 and came under extra pressure when the gaming platform was banned in Russia.
Despite the drawdown, ARK is treating the slump as an opportunity to add to high‑conviction names rather than scale back risk. The latest purchases suggest the firm remains comfortable with owning volatile growth stocks closely tied to the crypto cycle.
ARK’s trillion‑dollar crypto vision
ARK’s willingness to keep buying into weakness is rooted in an aggressive long‑term outlook for digital assets. The firm expects the overall crypto market to expand to around 28 trillion dollars by 2030, driven largely by rising Bitcoin adoption and price appreciation.
In its Big Ideas 2026 report, ARK projected that the crypto sector could grow at a compound annual rate of roughly 61%, with Bitcoin accounting for about 70% of total market value. Under that scenario, Bitcoin would continue to dominate as the core asset around which the broader ecosystem develops.
The firm estimated that if around 20.5 million Bitcoins have been mined by 2030, its market‑size forecast would imply a Bitcoin price in the range of 950,000 to 1 million dollars. It pointed to growing institutional participation, noting that spot Bitcoin ETFs and corporate treasuries accumulated significant volumes of the asset in 2025.
From ARK’s perspective, the recent volatility in crypto stocks reflects short‑term sentiment swings rather than a fundamental break in the long‑term thesis. The strategy assumes that, over time, stronger regulation, deeper liquidity, and broader institutional use cases will support both the underlying assets and the listed companies built around them.
Source:: Falling Prices Rising Bets: Why ARK Invest Is Loading Up On Coinbase, Circle And Bullish