Cathie Wood’s ARK Invest quietly plowed into crypto-adjacent names and space plays on Friday, buying roughly $25.54 million of shares across several ETFs — continuing a buying streak after recent price dips.
Key buys from ARK’s daily trade filing
- Coinbase (largest): 68,366 shares bought through ARKK, ARKW and ARKF — about $10.19 million (Friday close $149.06).
- SpaceX: 45,728 shares across ARKK, ARKQ, ARKW and ARKX — roughly $7.01 million (close $153.23).
- Circle Internet Group: 78,756 shares via ARKK, ARKW and ARKF — about $5.79 million (close $73.57).
- Bullish: 57,511 shares — ~$1.34 million (close $23.29).
- Robinhood: 12,269 shares — ~$1.21 million (close $98.69).
This buying follows earlier ARK activity during the week, when the firm added smaller lots after pullbacks: 9,014 Coinbase shares, 9,264 Circle shares, 9,136 Bullish shares and 35,023 Robinhood shares after Thursday’s session saw declines (Coinbase -5.06%, Circle -3.06%, Robinhood -3.83%, Bullish -6.77%). ARK also disclosed a separate, larger Coinbase purchase of 111,799 shares (~$18M) and boosted SpaceX exposure by 210,121 shares (~$32.5M) across four ETFs earlier in the week.
Why it matters for crypto markets
- Coinbase, Circle, Bullish and Robinhood are direct plays on crypto trading, on-ramps, and stablecoin infrastructure — ARK’s continued accumulation signals conviction in these business models despite recent volatility.
- Buying after price drops suggests ARK is using pullbacks to increase exposure rather than trimming positions.
Risk management and strategy
ARK notes its ETFs maintain a policy capping any single holding at 10% of a fund, with periodic rebalancing as prices shift. The purchases align with Cathie Wood’s broader constructive stance on markets: she’s publicly argued underlying inflation is easing — citing unit labor cost dynamics and real-time gauges like Truflation — and has suggested core inflation measures have moderated sharply from their 2022 peaks. That view underpins ARK’s willingness to stay invested in high-growth and crypto-adjacent names even as some market participants brace for tighter Fed policy.
Bottom line: ARK continues to accumulate crypto-linked equities and space-related stocks across its funds, using market weakness to add exposure while sticking to its portfolio limits and longer-term thesis.
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