As Bitcoin briefly moved below 66,000 dollars, ARK Invest, led by Cathie Wood, increased its exposure to crypto related equities. The move came during a period of broader market weakness, suggesting a strategic allocation decision rather than a reaction to short term price momentum.


Strategic Buying During Market Weakness

According to trade disclosures, ARK purchased 433,806 shares of Robinhood valued at approximately 33.8 million dollars. The firm also acquired 364,134 shares of Bullish worth about 11.6 million dollars and 75,559 shares of Circle valued at roughly 4.4 million dollars.

All three stocks were trading lower on the day of purchase. Robinhood shares declined nearly 9 percent, indicating that ARK was buying into weakness rather than strength. At the same time, ARK chose not to add to Coinbase after selling around 17 million dollars worth of shares the previous week. This highlights selective positioning rather than broad exposure across the sector.

Robinhood Becomes ARK’s Largest Crypto Position

Following this latest purchase, Robinhood now represents about 4.1 percent of ARK’s flagship ARK Innovation ETF. That equals approximately 248 million dollars in total exposure.

The allocation comes shortly after Robinhood launched the testnet for Robinhood Chain, a permissionless layer two blockchain focused on financial services and tokenized real world assets. This suggests ARK may be positioning around long term infrastructure growth rather than near term price movement.

Robinhood also reported fourth quarter 2025 net revenue of 1.28 billion dollars, reflecting a 27 percent year over year increase. However, this fell short of the 1.34 billion dollar Wall Street expectation, contributing to recent stock pressure.

Bitcoin ETF Outflows Reflect Broader Caution

While ARK was accumulating crypto linked equities, US spot Bitcoin ETFs recorded 276.3 million dollars in net outflows on Wednesday. Weekly net inflows have now slowed to just 35.3 million dollars.

Total assets under management for Bitcoin ETFs declined to 85.7 billion dollars, the lowest level since early November 2024. Ether ETFs also saw 129.2 million dollars in daily outflows. XRP funds recorded no inflows, while Solana ETFs saw modest inflows of approximately 0.5 million dollars.

At the time of reporting, Bitcoin was trading around 67,227 dollars, slightly recovering after dipping below 66,000 dollars. The recent pullback follows three consecutive weeks of outflows totaling more than 3 billion dollars across crypto investment products.

Interpreting the Bigger Picture

ARK’s actions suggest a long term conviction in crypto infrastructure rather than short term speculation. Instead of increasing direct Bitcoin exposure, the firm appears to be targeting companies positioned around trading activity, stablecoin issuance, and blockchain development.

While ETF flows indicate near term hesitation from parts of the market, ARK’s allocation signals confidence in the broader ecosystem. Whether this proves to be early accumulation ahead of renewed strength or disciplined portfolio rebalancing, it reinforces that institutional capital remains engaged with crypto linked markets even during periods of weakness.