Cathie Wood’s ARK adds Coinbase, Circle, Bullish as crypto slides

Cathie Wood’s $ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle and Bullish as prices slid across the sector.

According to $ARK’s daily trade disclosures for Friday, the $ARK Innovation ETF (ARKK) purchased 38,854 shares of Coinbase Global Inc., while the $ARK Fintech Innovation ETF (ARKF) added another 3,325 shares, acquiring a total of $9.4 million worth of the exchange shares. Coinbase shares closed down 2.77% on the day at $216.95.

$ARK added a combined 129,446 shares of Circle Internet Group across ARKK and ARKF, a position worth roughly $9.2 million. The firm also added 88,533 shares of Bullish across the same ETFs, investing about $3.2 million. Circle shares were little changed on the day, slipping 0.03% while Bullish shares declined 2% during the session, closing at $35.75.

Alongside the crypto buys, $ARK trimmed positions elsewhere in the portfolio, including Meta Platforms, selling 12,400 shares valued at roughly $8.03 million.

Coinbase shares dropped 2% on Friday. Source: Google Finance

Related: Cathie Wood says $ARK’s $1.5M Bitcoin bull price hasn’t changed as markets eye rally

Crypto pullback weighs on $ARK ETFs

As Cointelegraph reported, the downturn in crypto markets during the fourth quarter of 2025 weighed heavily on several of Cathie Wood’s $ARK ETFs. In its quarterly report, $ARK pointed to crypto-linked equities as a major source of weakness across its flagship products.

Coinbase emerged as the largest detractor during the quarter, dragging on performance at 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 volumes on centralized exchanges declined 9% quarter-on-quarter following October’s liquidation event.

Roblox was the second-largest drag on $ARK ETFs, despite posting strong third-quarter bookings growth. Shares fell after the company warned of declining operating margins in 2026 and faced additional pressure following Russia’s ban of the platform.

Related: Cathie Wood still bullish on $1.5M Bitcoin price target: Finance Redefined

$ARK Invest sees crypto market reaching $28T by 2030

$ARK’s continued interest in the crypto market comes as the firm expects the digital asset market could grow to $28 trillion by 2030, driven largely by rising Bitcoin adoption and price appreciation. In its Big Ideas 2026 report, $ARK projected the crypto market would expand at a 61% compound annual growth rate, with Bitcoin accounting for roughly 70% of the total market value.

$ARK said that if about 20.5 million Bitcoin have been mined by 2030, the forecast implies a Bitcoin price in the $950,000 to $1 million range. The firm cited growing institutional participation, noting that Bitcoin ETFs and corporate holders increased their share of total supply in 2025.

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