TLDR
- Ark Invest bought 28,315 Coinbase shares worth $7.5 million for its ARKK fund on Tuesday.
- The firm also purchased 42,434 Bullish shares valued at $1.8 million during the same trading session.
- Ark Invest added 1,951 Robinhood shares worth $245,000 to its ARKW ETF.
- Coinbase is currently the second-largest holding in ARKK with a fund weighting of 5.6%.
- Tesla remains Ark Invest’s largest ARKK holding with a position valued at $900.2 million.
Ark Invest raised its positions in Coinbase, Bullish, and Robinhood on Tuesday as crypto and tech markets recovered.
The firm acquired 28,315 Coinbase shares worth $7.5 million for its Ark Innovation ETF (ARKK), according to its daily trades. Ark Invest also bought 42,434 Bullish shares valued at $1.8 million as the stock gained 5%. It further purchased 1,951 Robinhood shares for $245,000 for its Next Generation Internet ETF (ARKW).
Coinbase Leads Ark Invest’s Purchases
Ark Invest continued to boost its Coinbase holdings for the second time in just over a week. On Nov. 26, it purchased $16.5 million worth of Coinbase shares across three ETFs. The firm is rebalancing to align with its portfolio limits.
According to Ark Invest disclosures, Coinbase remains the second-largest holding in ARKK. Its current weight stands at 5.6%, equivalent to $409.6 million. Tesla holds the top position with $900.2 million.
Coinbase stock closed Tuesday at $263.26, rising 1.3% after falling as much as 7.4% on Monday. It is up 4.2% in pre-market trading on Wednesday. The stock has dropped 21.7% in the past month.
Year-to-date, Coinbase shares are just 2.6% higher. The stock is down 37% from its summer high. Its current market valuation is $49 billion.
Ark Invest aims to keep individual holdings below 10% of any fund. “We continue to rebalance actively,” the firm noted in its portfolio update. The Coinbase allocation could change again if the stock price fluctuates sharply.
Ark Invest Buys Bullish Shares as Crypto Stocks Rebound
Ark Invest also purchased Bullish shares as part of its strategy to leverage crypto market movements. The 42,434 shares added to ARKK are valued at $1.8 million. Bullish gained 5% during Tuesday’s session.
The move reflects Ark Invest’s broader rebalancing across its innovation-focused ETF. It typically acts when stocks move sharply, up or down. The fund adjusts to avoid any position exceeding 10%.
Bullish’s performance followed a general uptick in crypto-related equities. Strategy rose 5.8%, and Metaplanet gained 4.6%. BitMine led with a 10.3% increase.
Meanwhile, some AI-linked crypto miners saw losses. IREN fell 15.2%, Cipher Mining dropped 10.4%, and TeraWulf slipped 7.1%. These divergences continue to shape Ark Invest’s tactical shifts.
Ark Invest also included Robinhood in its daily trade disclosures. It bought 1,951 shares for $245,000 for the ARKW fund. The firm remains active across multiple funds.
Robinhood shares have been volatile in recent sessions. Ark Invest tracks such movements to fine-tune its exposure. The ARKW fund focuses on internet and next-generation platforms.
Ark Invest’s daily filings show a continued preference for tech and crypto-related stocks. It makes near-daily changes to its ETF lineups. The funds are managed under Cathie Wood’s direction.
Bitcoin recovered from Monday’s 7% fall, trading above $91,000 on Tuesday. Ether also rose 7% to reach the $3,000 level again. The GMCI 30 index increased 6.2%, tracking top cryptocurrencies.
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