Ark Invest buys more Coinbase, Circle, Bullish, Robinhood shares amid stock declines

Quick Take

  • Ark Invest bought more shares in Coinbase, Circle, Bullish, and Robinhood through its ETFs as the stocks all traded lower on Thursday.
  • The same day, Cathie Wood noted that inflation is on its way down, pointing to rising productivity as a key disinflationary force.
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Cathie Wood's Ark Invest bought shares of Coinbase, Circle, Bullish, and Robinhood on Thursday across three exchange-traded funds. 

The firm's latest trading disclosure shows that Ark Invest purchased 9,014 Coinbase (COIN) shares across ARKK, ARKW, and ARKF ETFs, worth $1.28 million based on Thursday's closing price. 

Ark also bought 9,264 shares of Circle (CRCL), worth $637,455, and 9,136 shares of Bullish (BLSH), worth $199,895. Through ARKK, the firm bought 35,023 Robinhood (HOOD) shares, valued at around $3.27 million.

Ark Invest increased its holdings on Thursday as all four stocks traded lower. 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.

The investment firm actively adjusts its ETF holdings so that no single stock exceeds 10% of a fund's portfolio. This means Ark would rebalance weightings when the value of certain assets fluctuates significantly.

In a thread on X, Ark CEO and Co-founder Cathie Wood noted that inflation is on its way down, pointing to rising productivity as a key disinflationary force.

"I believe that Kevin Warsh understands not only the disinflationary role that productivity is playing but also the flaws in government-measured inflation rates," Wood wrote. "While others are projecting higher rates sooner than was the case a few months ago, I believe that Warsh will give the financial markets a master class in monetary policy."


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