Cathie Wood's Ark Invest Resumes Buying Crypto Stocks After A Week-Long Pause

: Ark simultaneously rebalanced its portfolio, adding names such as Palantir, SpaceX, and Cerebras while exiting positions including Alibaba and Roku.

• Ark Invest bought shares of Circle, Coinbase, Bullish, and Robinhood across three ETFs on Friday, marking a return to crypto-linked equities.
• ARKK led the purchases, adding about 57,600 Circle shares, 50,000 Coinbase shares, and 42,100 Bullish shares, according to trade disclosures.
• The buying came a week after Ark's last crypto-stock additions and followed a recent stretch of net selling in the sector.

Cathie Wood's Ark Invest stepped back into crypto-linked equities on Friday, buying shares of Circle (CRCL), Coinbase (COIN), and Bullish (BLSH) across three of its exchange-traded funds (ETFs).

According to the company’s trade disclosures, the buying spanned the flagship ARK Innovation ETF (ARKK), the ARK Fintech Innovation ETF (ARKF), and the ARK Next Generation Internet ETF (ARKW). 

ARKK accounted for the largest share of the activity, picking up about 57,600 shares of stablecoin issuer Circle, roughly 50,000 shares of crypto exchange Coinbase, and about 42,100 shares of crypto exchange Bullish. The fund also added approximately 12,300 shares of Robinhood (HOOD), a brokerage that derives part of its revenue from crypto trading.