Cathie Wood’s Ark Invest increased its exposure to crypto-related equities, buying shares of Coinbase and Robinhood Markets across several of its ETFs as broader markets pulled back.
The firm purchased a combined 22,452 shares of Coinbase across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). Based on Coinbase’s closing price of $182.36 that day, the purchase was valued at about $4.1 million.
Ark also accumulated 158,587 shares of Robinhood through the same ETFs. With Robinhood closing at $76.07, that transaction was valued at about $12 million.
The purchases came as concerns about the escalating conflict involving the United States, Israel and Iran continued to pressure global markets, pushing major indexes lower. Both Coinbase and Robinhood declined during the session: Coinbase finished the day down 1.55%, while Robinhood fell 3.44%, according to Yahoo Finance data.
Ark’s filings show the trades were part of broader portfolio adjustments across its funds. It added shares of companies including Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech and Eli Lilly, while trimming positions in Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, PagerDuty and several healthcare stocks. ETF analyst James Seyffart noted on X that ARK did “a larger amount of trading” than usual that day.
Last month, ARK resumed buying Coinbase shares after trimming its position, purchasing about $15.2 million worth of stock. That followed a series of sell-offs by the asset manager, including selling about $17.4 million worth of Coinbase on Feb. 5 and another $22 million on Feb. 6.
Coinbase’s recent volatility follows the company reporting a $667 million net loss for the fourth quarter of 2025, ending eight consecutive quarters of profitability. Earnings missed analyst expectations and net revenue fell 21.5% year-on-year to $1.78 billion, driven by a sharp drop in transaction revenue, though subscription and services revenue rose modestly.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
