- Ark Invest bought more Coinbase, Circle, Bullish, and Robinhood shares.
- The purchases came during a broader market rally.
- Circle recently expanded its partnership with BNY Mellon.
- Coinbase continues building its tokenized stock business.
Cathie Wood's Ark Invest continued adding to its crypto-related stock portfolio on Monday, increasing positions in Coinbase, Circle, Bullish, and Robinhood.
The firm's largest purchases included approximately $6.9 million of Coinbase shares, $6.2 million of Circle stock, and $3.5 million of Bullish shares. Ark also modestly increased its Robinhood position.
The investments came as both crypto stocks and broader U.S. equity markets moved higher.
Recent company developments may have contributed to Ark's continued buying. Circle expanded its partnership with BNY Mellon to provide institutional clients with custody, minting, burning, and transfer capabilities for USDC. Coinbase has also continued expanding its tokenized stock offering, strengthening its push into onchain financial infrastructure.
Ark regularly rebalances its exchange-traded funds to prevent any single holding from exceeding its portfolio allocation limits, resulting in frequent adjustments as market prices change.
The latest purchases reinforce Ark's long-term bullish outlook on companies building crypto infrastructure and digital asset services.
