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  • 12 hours ago
Cathie Wood's ARK Invest bought Coinbase and Circle shares while selling positions in Bitmine, Robinhood and Bullish.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Cathie Wood's ARK Invest bowed $43.5 million worth of Coinbase and Circle shares this week,
00:09according to Decrypt. The firm purchased $18.6 million of Coinbase shares and $12.9 million
00:16of Circle shares over the past three sessions, while also adding $14.5 million of SpaceX stock.
00:23ARK sold about $4.4 million worth of shares in Bitmine, Block, Robinhood, and Bullish.
00:30Wood's trades suggest she is shifting toward regulated, revenue-generating crypto businesses
00:35while maintaining her overall exposure to the sector. Bitcoin held near $64,600 as geopolitical
00:42tensions. A hawkish Federal Reserve and another Clarity Act delay pressured crypto-linked stocks
00:48and allowed ARK to rebalance at lower prices. For all things money, visit Benzinga.com.
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