ARK’s dip-shopping spree favors Coinbase and Circle while Bullish gets dumped 🛒

Cathie Wood’s ARK Invest purchased shares of Coinbase (COIN) worth an estimated $9 million and Circle (CRCL) worth $8 million on Friday and Monday as the crypto-linked stocks declined, according to ARK’s daily trade disclosures and closing prices from Yahoo Finance. The transactions involved 64,208 Coinbase shares and 110,551 Circle shares across three ARK exchange-traded funds (ETFs).

The ARK ETFs also sold 342,545 Bullish (BLSH) shares worth approximately $8 million. All three stocks closed lower on Monday: Coinbase fell 3.98% to $137.83, Circle slipped 0.63% to $72.08 and Bullish dropped 5.7% to $22.54.

ARK also bought around $646,000 in Robinhood shares on Monday. Robinhood fell 1.4% to $83.80, according to Yahoo Finance.

Circle ranked among the top five holdings in three ARK ETFs as of Tuesday, accounting for $270.3 million (4.6%) of ARKK, $71.4 million (4.4%) of ARKW and $42.6 million (5.9%) in ARKF, according to ARK’s holdings disclosures.