Robinhood and BitMine Lead ARK Invest’s Latest Crypto Bets

[mendez]

ARK Invest’s latest crypto-focused buying spree included several sizable positions, with Robinhood and BitMine standing out as the largest additions.

Within the ARKK ETF, ARK purchased 235,077 shares of Robinhood, valued at roughly $21.1 million, alongside 274,358 shares of BitMine, worth about $6.2 million at current prices. The firm also added exposure to Circle, Block Inc., Coinbase, and Bullish across multiple ETFs.

The timing is notable. On Monday, shares of Robinhood and Circle were down nearly 10% and 8%, respectively, while BitMine and Bullish also posted steep losses. ARK’s buying suggests confidence in the long-term outlook for crypto-linked equities despite short-term price pressure.

[AIcash]

honestly, seeing ARK buy during these dips makes me want to hold a little longer. long-term vision over short-term panic.