ARK Invest Buys $17M in Coinbase and Circle Shares, Trims Bullish

Cathie Wood’s ARK Invest purchased about $17 million worth of Coinbase and Circle shares across Friday and Monday trading sessions, according to ARK’s daily trade disclosures and Yahoo Finance closing prices. The buys included 64,208 Coinbase shares valued at roughly $9 million and 110,551 Circle shares worth $8 million, executed across three ARK exchange-traded funds.

At the same time, ARK sold 342,545 shares of crypto exchange operator Bullish for approximately $8 million. All three stocks declined on Monday: Coinbase fell 3.98% to $137.83, Circle slipped 0.63% to $72.08, and Bullish dropped 5.7% to $22.54. ARK also acquired roughly $646,000 of Robinhood shares on Monday; the stock closed down 1.4% at $83.80.

Circle remained among the largest holdings in several ARK ETFs. As of Tuesday, it represented $270.3 million, or 4.6%, of ARKK; $71.4 million, or 4.4%, of ARKW; and $42.6 million, or 5.9%, of ARKF, according to ARK’s holdings disclosures.