Ark Invest scoops up $43.5M in crypto stocks amid rally

Ark Invest bought $43.5M in crypto stocks, focusing on Coinbase, Circle, Bullish, Robinhood, and SoFi, with all four main stocks closing higher amid a market rally.

Ark Invest has made notable moves in the crypto sector, purchasing approximately $43.5 million worth of crypto-related stocks over the past three trading days. The largest allocations were to Coinbase and Circle, with Ark acquiring 122,544 Coinbase shares for about $18.6 million and 169,777 Circle shares for roughly $12.9 million. Additional investments included nearly $5.2 million in Bullish, $5.12 million in Robinhood, and $1.69 million in SoFi Technologies. On Monday alone, Ark bought 45,164 Coinbase shares ($6.85 million), 81,757 Circle shares ($6.21 million), 149,422 Bullish shares ($3.54 million), and 2,943 Robinhood shares ($300,000). All four main stocks closed higher that day, with Coinbase up 1.74%, Circle up 3.25%, Bullish up 1.72%, and Robinhood up 3.18%. These trades were executed across Ark’s ETFs—ARKK, ARKW, and ARKF—coinciding with a broader market rally after recent declines in Coinbase and Circle shares.