ARK Invest has recently increased its holdings in the cryptocurrency sector by acquiring shares in several crypto-related firms such as Coinbase, Circle, and Bullish, coinciding with a general downturn in market prices. ARK’s latest trading data reveals that the ARK Innovation ETF purchased 38,854 shares of Coinbase Global Inc. and an additional 3,325 shares were added to the ARK Fintech Innovation ETF, representing a total investment value of approximately $9.4 million. However, on that day, Coinbase shares saw a fall of 2.77%, closing at $216.95.

Moreover, ARK expanded its position by acquiring a total of 129,446 shares of Circle valued at about $9.2 million and 88,533 shares of Bullish for around $3.2 million. While Circle’s shares remained stable, Bullish shares dropped by 2%, finishing at $35.75.

In addition to these crypto acquisitions, ARK adjusted its portfolio by selling 12,400 shares of Meta Platforms, totaling about $8.03 million.

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

Market Trends

A report from ARK indicated that the recent slump in the cryptocurrency market throughout the final quarter of 2025 significantly impacted its ETFs, particularly with Coinbase being identified as the primary source of underperformance. The data illustrated that Coinbase stocks declined more drastically than Bitcoin (BTC) and Ether (ETH), influenced by a 9% decrease in spot trading volumes on centralized exchanges.

Despite this setback, ARK remains optimistic about the crypto landscape, projecting that the market could potentially reach a valuation of $28 trillion by 2030, mainly due to increasing adoption and corresponding price increases in Bitcoin.