ARK Invest, the asset management firm founded by Cathie Wood, announced on Monday that it has increased its holdings in cryptocurrencies and related equities amid a declining market. This move signals a strategic shift as the firm seeks to capitalize on potential rebounds within the sector.
According to a trade notification, ARK Invest executed purchases across several of its exchange-traded funds, notably the ARK Innovation ETF and the ARK Blockchain & Fintech Innovation ETF. These acquisitions include significant positions in various prominent crypto-linked companies, such as Robinhood, Circle, Block Inc. (formerly Square), BitMine, Coinbase, and Bullish. The firm’s largest recent acquisitions are 235,077 shares of Robinhood valued at approximately $21.1 million and 274,358 shares of BitMine, worth around $6.2 million. These purchases underscore ARK’s ongoing confidence in the digital asset ecosystem despite recent volatility.
The broader cryptocurrency market has experienced a downturn this week, with several major crypto stocks declining sharply. Notably, Robinhood and Circle have each fallen by nearly 10%, while BitMine and Bullish have declined by over 9%. Shares of Coinbase, Strategy, Metaplanet, and Galaxy Digital have also posted notable declines, reflecting broader sector challenges amid declining crypto prices and market uncertainty.
In recent months, ARK’s ETFs have faced considerable pressure, with the market struggling to recover following the sharp downturn in October. Despite these challenging conditions, ARK increased its exposure to crypto-related stocks late last month, demonstrating confidence in the long-term potential of the space. This resilience indicates the firm’s willingness to endure short-term turbulence in anticipation of future growth.
The decline in cryptocurrency stocks coincides with a broader downturn in digital assets, including Bitcoin , which dropped below $80,000 for the first time since April 2025. Market analysts continue to monitor the sector closely, noting that despite current setbacks, significant capital flows and innovation could eventually catalyze a market revival.
