- Ark Invest increased holdings in crypto-related stocks and Bitcoin ETFs at the end of the week.
- Largest purchases included shares of Bullish and BitMine across multiple ARK ETFs, totaling nearly $2.8 million.
- The firm added shares in Circle and Robinhood as their stocks climbed.
- ARK Invest expanded exposure to the ARK 21Shares Bitcoin ETF amid a substantial market outflow from Bitcoin ETFs.
- Earlier in the week, ARK made significant acquisitions in Coinbase, BitMine, Circle, Bullish, NVIDIA, and Robinhood.
ARK Invest completed a series of stock purchases across its main funds on Friday, focusing on crypto-related assets as equities in the sector rebounded. The acquisitions targeted companies including Bullish, BitMine, Circle, Robinhood, and Bitcoin exchange-traded funds (ETFs).
The most significant buys involved nearly $2 million in Bullish shares through the ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW). This followed a 5.75% gain in Bullish stock on that day, as noted on Google Finance. Purchases of BitMine totaled about $830,000 across the same ETFs, despite a slight daily price decline, with shares trading near $26.
In addition, ARK Invest acquired approximately 3,529 shares of Circle valued at $250,000 as the stock increased over 6%, along with $200,000 in new Robinhood shares.
The firm also increased its Bitcoin ETF holdings by nearly $600,000, primarily through the ARK 21Shares Bitcoin ETF (ARKB). The ARKF and ARKW funds added over 20,000 shares in total. These purchases occurred amid a sharp downturn in the U.S. spot Bitcoin ETF market, which experienced nearly $1 billion in net fund outflows on Friday—the second-largest daily withdrawal on record. The sector has seen accelerated outflows over the past month, losing about $4 billion, concurrent with Bitcoin’s approximate 30% price decline from recent highs.
Earlier in the week, on Thursday, ARK Invest made its largest single-day buys of the seven-day period, acquiring $10.1 million in Coinbase, $9.9 million in BitMine, $9 million in Circle, and $9.65 million in Bullish. The firm also purchased $16.8 million in Nvidia and $6.8 million in Robinhood. On Wednesday, additional purchases included $16.8 million of Bullish, approximately $15 million of Circle, and about $7.6 million of BitMine across its core ETFs: ARKF, ARKW, and ARKK.
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