ARK Invest wrapped up the week with a series of strategic acquisitions across its flagship funds, increasing positions in Circle, Bullish, BitMine, Robinhood, and Bitcoin ETFs as crypto-related equities rebounded.
The largest purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW) all expanding exposure. According to trade disclosures on Friday, the combined investment totaled roughly $2 million, following Bullish’s 5.75% gain on the day.
ARK also continued to accumulate BitMine, with buys across ARKF, ARKK, and ARKW totaling around $830,000. Although BitMine closed slightly lower on the day, it remained within its recent trading range near $26.
In addition, ARK made smaller purchases in Circle and Robinhood. The firm acquired 3,529 Circle shares, worth about $250,000, as the stablecoin issuer’s stock climbed over 6%. ARK also added roughly $200,000 in new Robinhood shares.
These moves reflect ARK Invest’s ongoing commitment to crypto-related equities, even as short-term market fluctuations create buying opportunities across the sector.
ARK Invest Expands Bitcoin ETF and Crypto Equity Holdings Amid Market Downturn
ARK Invest increased its Bitcoin ETF exposure by nearly $600,000 on Friday, led by fresh purchases of the ARK 21Shares Bitcoin ETF (ARKB). Combined purchases across ARKF and ARKW totaled more than 20,000 shares.
The move comes as the U.S. spot Bitcoin ETF market faces one of its sharpest downturns since launch. On Thursday, 12 major funds recorded nearly $1 billion in net outflows, marking the second-largest daily withdrawal to date and putting the sector on track for its weakest week since February. Over the past month, roughly $4 billion has exited these products as Bitcoin’s price dropped about 30% from recent highs.
ARK’s Crypto Buying Spree
Despite broader outflows, ARK maintained an aggressive buying strategy. On Thursday, the firm made its largest daily acquisitions of the week, snapping up:
- $10.1M in Coinbase
- $9.9M in BitMine
- $9M in Circle
- $9.65M in Bullish
- $16.8M in Nvidia
- $6.8M in Robinhood
Earlier in the week, ARK also added $16.8M in Bullish, roughly $15M in Circle, and about $7.6M in BitMine across its ARKF, ARKW, and ARKK ETFs.
These purchases highlight ARK’s ongoing commitment to crypto-related assets, even amid short-term market volatility, as the firm continues to build long-term exposure to digital assets and related equities.
