Ark Invest Snaps Up Shares in Coinbase Circle Robinhood and Bullish as All Four Fall Thursday

Cathie Wood’s Ark Invest went shopping on Thursday, picking up shares in Coinbase, Circle, Bullish and Robinhood across three of its ETFs all while each stock was trading lower on the day.

Ark bought 9,014 Coinbase shares across ARKK, ARKW and ARKF, worth around $1.28 million at Thursday’s closing price. It also picked up 9,264 Circle shares worth $637,455, 9,136 Bullish shares worth $199,895 and 35,023 Robinhood shares through ARKK valued at roughly $3.27 million.

The purchases came as Coinbase fell 5% to $142.52, Circle dropped 3% to $68.81, Robinhood slid 3.85% to $93.47 and Bullish declined 6.77% to $21.88.

Why Ark Keeps Buying Into Weakness

Ark actively rebalances its ETF holdings to make sure no single stock exceeds 10% of any fund’s portfolio. When asset values drop significantly the firm adjusts weightings — which means dips often trigger fresh purchases rather than sales.

Cathie Wood Thinks the Market Is Wrong on Inflation

While buying the dip, Wood was also making a contrarian macro call. On a roadshow through Asia and Europe she said investors were surprised when she told them inflation could break down significantly and not just because of falling oil prices.

“As measured by unit labor costs, inflation already is down to 0.5% year over year,” Wood wrote on X. She also pushed back against the consensus view that the Fed under Kevin Warsh is set to hike rates aggressively, arguing Warsh understands the disinflationary role that rising productivity is playing and that markets will eventually get a “master class in monetary policy” from the new Fed chair.

If Wood is right, the case for buying beaten-down crypto stocks now gets a lot stronger.