ARK Invest Doubles Down on Crypto Stocks Amid Falling Prices

Cathie Wood's ARK Invest continued its buying spree on June 25, purchasing more shares in four crypto-linked stocks despite their falling prices.

The firm added to its positions in Coinbase, Circle, Bullish, and Robinhood through its ETFs, with a total investment of around $5.4 million across the four stocks. The largest purchase was 35,023 shares in Robinhood worth approximately $3.27 million through its ARKK ETF.

The buying strategy is tied to the firm's portfolio rules, which require rebalancing when stock values shift. When prices fall, the weighting of those stocks drops, triggering automatic buys to bring them back in line with target allocations.