Last updated on May 12th, 2026 at 08:24 pm
Cathie Wood’s Ark Invest is leaning further into crypto-linked equities, seizing on recent market weakness to expand its stakes in Coinbase and Robinhood Markets.
According to Tuesday’s trade disclosures, Ark acquired 22,452 Coinbase shares across three of its flagship exchange-traded funds: the ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Fintech Innovation ETF. Based on Coinbase’s closing price of $182.36, the purchase was worth roughly $4.1 million.
BIG DAY FOR CATHIE WOOD AND ARK INVEST
Here is every move they made in the stock market today 3/3 pic.twitter.com/Sqiw9yIrkF
— Ark Invest Tracker (@ArkkDaily) March 4, 2026
Ark Doubles down on crypto platforms during market pullback
The firm also scooped up 158,587 Robinhood shares through the same ETFs. With the stock closing at $76.07, that transaction totalled nearly $12 million.
The buying spree unfolded against a tense macro backdrop, as escalating friction involving the United States, Israel and Iran weighed heavily on global equities. Both stocks ended the session in the red, with Coinbase slipping 1.55% and Robinhood falling 3.44%, reflecting broader investor caution.
Portfolio shake-up signals high-conviction strategy
Ark’s latest trades were part of a wider portfolio reshuffle. The firm increased exposure to growth names such as Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech and Eli Lilly, while trimming positions in Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, and PagerDuty, alongside select healthcare holdings.
ETF analyst James Seyffart noted on X that Ark executed “a larger amount of trading” than usual during the session, a sign of active repositioning.
ARK Invest’s Big Ideas 2026 report forecasted that the global crypto market capitalization will surge to $28 trillion by 2030. Bitcoin is expected to lead this expansion, with a projected market cap of $16 trillion, potentially reaching $761,900 per coin.
Meanwhile, Coinbase faces fresh pressure after posting a $667 million net loss in Q4 2025, snapping eight straight quarters of profitability as revenue slid 21.5% year-on-year to $1.78 billion.
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