Ark Invest increased its exposure to several major crypto-focused companies as sector-wide prices continued to decline, newly released trade filings show.
The firm added to its positions in Block, Circle Internet Group, and Coinbase, with most of the buying executed through the Ark Innovation ETF, where Coinbase already ranks among its largest holdings. Circle and Block also make up meaningful portions of the fund.
Ark extended its buying beyond the sector’s biggest names, picking up additional shares of Bullish, Robinhood Markets, and its own Ark-21Shares spot Bitcoin ETF. The firm has steadily boosted its allocations to crypto-linked equities in recent weeks as valuations have weakened.
Despite closing higher on the day, Block remains down for the month. Circle continued its drop and is significantly lower over the past 30 days, while Coinbase also fell and remains down for the month.
The slump in crypto-related stocks mirrors a broader pullback in digital asset markets. Bitcoin now trades well below the all-time high it reached six weeks ago, with thin liquidity and macroeconomic uncertainty keeping sentiment subdued, according to market data.
