ARK Invest Scoops Up Coinbase, Circle, and Robinhood Despite Market Downturn

Cathie Wood's ARK Invest has been making strategic investments in cryptocurrency-related equities during market downturns. The firm recently purchased additional shares in Coinbase, Circle, Bullish, and Robinhood despite their stocks declining in value.

The largest allocation was towards Coinbase, with 9,014 shares valued at approximately $1.28 million distributed across ARK's ETFs. This purchase brings the total holdings of Coinbase stock to a significant level within the firm's actively managed portfolios.

ARK also added positions in Circle and Bullish, acquiring 9,264 and 9,136 shares respectively, with a combined value of around $837,000. The firm's ARKK ETF acquired 35,023 Robinhood shares worth approximately $3.27 million.