Cathie Wood's Ark Invest has recently made significant moves in the cryptocurrency market, increasing its positions in Coinbase, Circle, and Bullish, even as the broader crypto market experiences a downturn. These purchases, executed through ARK's exchange-traded funds (ETFs) like ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), demonstrate a continued bullish outlook on the future of digital assets.
On January 23, 2026, ARK's daily trades revealed a substantial purchase of Broadcom Inc shares valued at approximately $15.96 million, alongside significant investments in the crypto sector. The firm acquired 42,179 shares of Coinbase Global Inc, worth $9.41 million, reinforcing its confidence in the cryptocurrency exchange platform. Additionally, ARK invested in 129,446 shares of Circle Internet Group Inc, totaling $9.24 million, and added 88,533 shares of Bullish, amounting to $3.23 million.
These moves align with ARK's investment strategy of capitalizing on market dips. As crypto-related stocks have mirrored the pullback in the broader digital asset market, ARK has seized the opportunity to increase its stakes in key players within the industry. For instance, in November 2025, amid a crypto market slide, ARK Invest bought a significant amount of crypto-related stocks, including $10.1 million in Coinbase shares, $9.9 million in Ethereum treasury firm BitMine, $9 million worth of Circle shares, and $9.65 million in Bullish crypto exchange shares. Similarly, in December 2025, ARK Invest spent roughly $59 million scooping up crypto equities, adding to its positions in Coinbase, Circle, and Bullish.
However, recent data indicates a shift in sentiment among crypto investors. A Coinbase Institutional survey in December 2025 revealed a sharp rise in expectations of the crypto market entering a bear phase. The survey showed that 26% of institutional investors and 21% of non-institutional investors believe the market is in a bear phase, compared to just 2% and 7% in September 2025. This shift suggests a fading risk appetite at the start of 2026.
Despite the cautious sentiment, Cathie Wood's ARK Invest remains optimistic about the long-term potential of the crypto market. The firm's continued investments in Coinbase, Circle, and Bullish, even during market slides, underscore its conviction in these companies and the broader digital asset ecosystem. ARK Invest believes that tokenized assets could reach $11 trillion in the next five years. These strategic investments reflect ARK's focus on disruptive innovation and its long-term vision for the future of finance.
