{
  "id": 17936429,
  "title": "ARK buys $17M in Coinbase, Circle shares while trimming Bullish",
  "url": "https://urgent.news/2026/11/03/ark-buys-17m-in-coinbase-circle-shares-while-trimming-bullish",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T08:35:13.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/ark-buys-coinbase-circle-trims-bullish"
  },
  "original_language": "en",
  "account": "ARK Invest, led by Cathie Wood, made strategic moves in the crypto market by purchasing shares in Coinbase and Circle while simultaneously reducing their holdings in Bullish exchange operator. The firm acquired Coinbase (COIN) shares worth roughly $9 million and Circle (CRCL) shares valued at $8 million on two consecutive trading days. These purchases were recorded in the daily trade disclosures of ARK's exchange-traded funds (ETFs), which included 64,208 Coinbase shares and 110,551 Circle shares spread across three of their ETFs. Simultaneously, ARK sold approximately $8 million worth of Bullish (BLSH) shares, which saw a decline of 5.7% during the same period.\n\nThe crypto stocks experienced a downturn, with Coinbase experiencing a decrease of 3.98%, dropping to $137.83, Circle falling by 0.63%, closing at $72.08, and Bullish experiencing the steepest drop of 5.7%, trading at $22.54. Despite this market sentiment, ARK continued its investment strategy, adding approximately $646,000 worth of Robinhood shares on Monday, which saw a decline of 1.4% to $83.80.\n\nCircle ranked among the top five holdings in three of ARK's ETFs as of Tuesday, representing $270.3 million (4.6%) of ARKK, $71.4 million (4.4%) of ARKW, and $42.6 million (5.9%) in ARKF. This strategic shift highlights ARK's confidence in the long-term potential of stablecoin issuer Circle amidst the broader crypto market volatility.",
  "summary": "ARK Invest added Coinbase and Circle shares across two trading sessions while selling about $8 million in Bullish as crypto stocks declined.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Cathie Wood’s ARK sells Personal, Inc. stock, buys Coinbase",
        "url": "https://urgent.news/2026/11/03/cathie-woods-ark-sells-personal-inc-stock-buys-coinbase",
        "published": "2026-11-03T01:10:39.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks trade lower",
        "url": "https://urgent.news/2026/11/03/ark-invest-buys-3-4-million-in-coinbase-adds-circle-and-robinhood-as",
        "published": "2026-11-03T02:57:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}