Katie Wood’s Ark Invest increased its exposure to crypto-related stocks, adding stakes in Coinbase and Robinhood Markets to several of its exchange-traded funds (ETFs) as the broader markets bounced back.
The firm bought 22,452 shares of Coinbase across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), according to Tuesday’s trading notices. Based on Coinbase’s closing price of $182.36 for the day, the purchase was worth about $4.1 million.
Ark also accumulated 158,587 shares of Robinhood through the same ETFs. With Robinhood closing at $76.07, the transaction was worth about $12 million.
The purchases came as concerns about an escalation of the conflict between the United States and Iran weighed on global markets, sending major indexes lower. Both Coinbase and Robinhood fell during the session. Coinbase shares fell 1.55% on the day, while Robinhood fell 3.44%, according to Yahoo Finance.
related to: Morgan Stanley, another top holding, is adding exposure to Bitmine amid the selloff
Ark is changing its portfolio
Ark’s filings show the trades were part of a broader portfolio overhaul of its funds. The firm also added stakes in companies including Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech and Eli Lilly, while reducing positions in companies such as Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, PagerDuty and several other healthcare stocks.
In a post on X, ETF analyst James Seiffart noted that ARK had “the most trading volume” of the day.
Last month, ARK Invest resumed buying shares of Coinbase after reducing its position, buying about $15.2 million in shares. The move follows a series of Coinbase sales by asset manager Cathy Wood, including the sale of nearly $17.4 million in Coinbase shares on February 5th, followed by another sale of $22 million on February 6th.
related to: ARK Invest adds $34 million in Robinhood stake as Bitcoin falls below $66,000
Coinbase reports a loss of $667 million in the fourth quarter
Coinbase’s recent volatility comes after the company reported a net loss of $667 million in the fourth quarter of 2025, ending eight consecutive quarters of profitability.
Revenue missed analysts’ expectations, with net income falling 21.5% year-over-year to $1.78 billion, driven by a sharp decline in transaction revenue, although subscription and services revenue rose slightly.
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