ARK Buys Coinbase and Circle Shares as Crypto Stocks Fall

ARK Invest bought about $17 million in Coinbase and Circle shares across October 30 and November 2, while selling roughly $8 million in Bullish shares. Across ARKK, ARKW and ARKF, the firm bought 64,208 Coinbase shares and 110,551 Circle shares. It also purchased about $646,000 in Robinhood shares. The trades indicate selective positioning in crypto-related stocks, not a broad increase in crypto exposure. Circle accounted for 4.4% to 5.9% of three ARK fund portfolios, according to disclosures. The purchases came as crypto stocks faced pressure following reports of a $6.3 billion Binance security breach. On November 2, Coinbase fell 3.98% to $137.83, Circle slipped 0.63% to $72.08 and Bullish dropped 5.7% to $22.54. Robinhood fell 1.4% to $83.80. Coinbase reported third-quarter net income of $719 million, while transaction revenue declined 44% year over year. Circle was due to report earnings on November 4; much of its revenue comes from interest on USDC reserves. For traders, ARK’s buying may indicate longer-term confidence in Coinbase and Circle, but these stock purchases do not establish a near-term view on crypto prices or represent direct token buying. The reported breach and related withdrawals remain sources of uncertainty for crypto-market sentiment.