ARK Invest boosts crypto stock exposure amid market pullback
ARK Invest increased its holdings of crypto-linked equities during this week’s market pullback, according to a trade notification released on Monday.
The asset manager added positions in trading platform Robinhood, stablecoin issuer Circle, Jack Dorsey’s Block Inc., digital asset manager BitMine, and the crypto exchanges Coinbase and Bullish, among other names.
Most of the purchases were made through the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF). The ARK Next Generation Internet ETF also increased its exposure to crypto-related stocks.
Notable transactions included 235,077 shares of HOOD, valued at approximately $21.1 million at current prices, and 274,358 BMNR shares worth around $6.2 million within the ARKK ETF.
Crypto-exposed stocks opened the week lower, with several major names in the red on Monday, according to Google Finance data. At the time of writing, Robinhood and Circle were down nearly 10% and 8%, respectively, while BitMine and Bullish had fallen 9.16% and 4.47%, respectively.
Shares of Coinbase, Strategy, Metaplanet and Galaxy Digital also declined.
ARK Invest’s ETFs have faced continued pressure in recent months as markets have remained subdued since the October crypto market sell-off. The firm also increased its crypto stock exposure late last month despite the downturn.
The pullback in crypto-related equities has coincided with a challenging period for digital asset prices this year, with Bitcoin (BTC) falling below $80,000 in February for the first time since April 2025.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
