Cathie Wood ARK Invest increased its exposure to cryptocurrency-related stocks, adding Coinbase, Circle and Bullish shares as prices fell across the sector.
According to ARK’s daily trading disclosures as of Friday, the ARK Innovation ETF (ARKK) bought 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares for a total of $9.4 million in exchange-traded shares. Coinbase Stock Closed dropped 2.77% on the day to $216.95.
ARK added a total of 129,446 Circle Internet Group shares in ARKK and ARKF, representing a position valued at approximately $9.2 million. The company also added 88,533 shares of Bullish to the same ETFs, investing approximately $3.2 million. Circle shares were little changed on the day, falling 0.03%, while Bullish shares fell 2% on the session, closing at $35.75.
In addition to its cryptocurrency purchases, ARK reduced positions in other parts of its portfolio, including Meta Platforms, selling 12,400 shares worth about $8.03 million.
Related: Cathie Wood says Bitcoin ARK’s $1.5 million bull price has not changed in response to increased market interest
Crypto withdrawal weighs on ARK ETFs
As Cointelegraph reported, the deterioration in cryptocurrency markets in the fourth quarter of 2025 took a hefty toll on several of Cathie Wood’s ARK ETFs. In its quarterly report, ARK pointed to cryptocurrency-related stocks as the main source of weakness for its flagship products.
Coinbase emerged as the quarter’s biggest critic, hurting the performance of the ARK Next Generation Internet ETF (ARKW), ARKF and ARKK. ARK said Coinbase shares fell more sharply than Bitcoin (BTC) and Ether (ETH) as spot trading volume on centralized exchanges fell 9% quarter-over-quarter after the October liquidation.
Roblox was the second-biggest drag on the ARK ETFs, despite reporting sturdy growth in bookings in the third quarter. Shares fell after the company warned of a decline in operating margins in 2026 and faced additional pressure from Russia’s ban on the platform.
Related: Cathie Wood Still Upbeat on $1.5M Bitcoin Price Target: Finance Redefined
ARK Invest predicts the cryptocurrency market will reach $28,000 by 2030
ARK’s continued interest in the cryptocurrency market stems from the company’s prediction that the digital asset market could grow to $28 trillion by 2030, largely driven by increasing Bitcoin adoption and rising prices. In its Big Ideas 2026 report, ARK predicted that the cryptocurrency market will grow at a 61% compound annual growth rate, with Bitcoin accounting for approximately 70% of the total market value.
ARK claims that if approximately 20.5 million Bitcoins are mined by 2030, the forecast places a Bitcoin price in the range of $950,000 to $1 million. The company cited growing institutional participation, noting that Bitcoin ETFs and corporate holders increased their share of total supply in 2025.
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