Ark Invest Deploys $17 Million into Crypto-Focused Businesses

Cathie Wood's Ark Invest made significant investments in several cryptocurrency-focused companies on Monday. The firm purchased $6.85 million worth of Coinbase (COIN) stock, $6.21 million worth of Circle Internet Group shares, and $3.54 million worth of Bullish (a digital asset exchange) stock.

The transactions also included the acquisition of 2,943 Robinhood (HOOD) shares valued at approximately $299,685. Shares of Coinbase, Circle, Bullish, and Robinhood all ended Monday's session in positive territory alongside gains in major indices.

Ark Invest divested positions in Twist Bioscience and 10X Genomics while acquiring stakes in Kratos Defense and CoreWeave. The investment firm operates its ETF portfolios under a guideline restricting individual holdings to 10% or less of any fund's total assets.