Ark Invest Buys More Coinbase, Circle and Robinhood Shares During Crypto Stock Rally

Ark Invest increased its positions in several major crypto linked companies as US markets moved higher on Monday. Trading disclosures showed the investment firm purchased additional shares of Coinbase, Circle Internet Group, Bullish and Robinhood across its ARKK, ARKW and ARKF exchange traded funds.

The company bought 45,164 Coinbase shares worth about $6.85 million based on Monday’s closing price. Ark also acquired 81,757 shares of Circle valued at roughly $6.21 million and added 149,422 Bullish shares worth around $3.54 million. Robinhood holdings increased by 2,943 shares valued near $300,000.

Crypto Stocks Rise Alongside Broader Market

Coinbase shares closed 1.74% higher at $151.65, while Circle gained 3.25% to finish at $75.96. Bullish rose 1.72% to $23.69 and Robinhood climbed 3.18% to $101.83 as the Nasdaq, S&P 500 and Dow Jones indexes also advanced.

Circle and Coinbase Announce Major Developments

Circle recently expanded its partnership with Bank of New York Mellon to support institutional USDC custody and transfers. Coinbase also launched tokenized US stocks earlier this month, strengthening its push into blockchain-based financial services.