ARK adds crypto stocks amid market pullback

Cathie Wood’s ARK Invest increased exposure to crypto-linked stocks this week, buying shares during a broader equity sell-off.

ARK said it added positions in Robinhood, Circle, Block, BitMine, Coinbase and Bullish across several ETFs, including the ARK Innovation ETF and the ARK Blockchain & Fintech Innovation ETF.

The largest purchases included about $21 million worth of Robinhood shares and roughly $6 million in BitMine stock within ARK’s flagship innovation fund.

The buying came despite sharp declines in crypto-related equities, with Robinhood, Circle, BitMine and Bullish all down between 4% and 10% in Monday trading.

Shares of other crypto-exposed firms, including Coinbase, Strategy, Metaplanet and Galaxy Digital, also weakened as risk appetite faded.

ARK’s ETFs have faced sustained pressure since the October crypto market crash, though the firm has repeatedly used downturns to add to crypto-linked positions.

The stock moves coincide with a difficult period for digital assets, with Bitcoin slipping below $80,000 in February for the first time since April 2025.

At the time of reporting, Bitcoin price was $78,536.16.