Wood Buys $11.5M in Coinbase Amid Challenging Year for Ark Funds

Cathie Wood, chief of Ark Investment Management, is known for investing in tech stocks when prices are low. She recently added shares of Coinbase after weeks of decline, purchasing $11.5 million worth.

This move comes as the Ark Innovation ETF (ARKK) has struggled to keep pace with the S&P 500 this year, up only 0.33% while the S&P 500 surged 7.43%. Wood's flagship fund gained 35.49% in 2025 but lags behind the index for the five-year period.

Wood focuses on high-tech companies across AI, blockchain, biomedical tech, and robotics, which she believes have strong growth potential despite their volatility. However, her aggressive investment style has also led to significant losses during bearish markets, as seen in 2022 when the Ark Innovation ETF tumbled over 60%.