ARK buys Coinbase, Circle, Bullish and Robinhood on dip
On June 25 ARK Innovation ETF bought 35,023 Robinhood, 9,014 Coinbase, 9,264 Circle and 9,136 Bullish shares as the four stocks fell.
ARK Invest’s flagship ARK Innovation ETF recorded purchases of four crypto-linked stocks on June 25, adding a total of about 62,437 shares across Robinhood, Coinbase, Circle and Bullish while those names declined in value. The ETF bought 35,023 Robinhood shares, about $3.27 million at the time; 9,014 Coinbase shares, roughly $1.28 million; 9,264 Circle shares, about $637,000; and 9,136 Bullish shares, near $200,000, according to the firm’s daily trade disclosure.
On the day of the trades Coinbase closed at $142.52, down about 5%; Robinhood closed at $93.47, down about 3.85%; Circle closed at $68.81, down about 3%; and Bullish closed at $21.88, down about 6.77%. Bitcoin traded near $58,000 during the same period.
Coinbase is the largest U.S. crypto exchange. Robinhood has expanded offerings in digital assets alongside its retail brokerage business. Circle issues the USDC stablecoin and previously announced a token sale tied to its Arc blockchain that attracted investments from several large institutional and venture firms. Bullish operates an institutional trading venue and completed its public listing in 2025.
The June 25 trades follow earlier activity in June when ARK sold about $29 million of Robinhood shares while increasing its Coinbase holdings. The latest filings show the firm bought Robinhood again on the down day and added to positions in the other three companies.
ARK has publicly outlined a long-term bitcoin price target of $1.5 million and continues to report daily trades in its public filings. The June 25 disclosures were reported through ARK Invest’s routine trade reports.
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