Cathie Wood led ARK Invest added to its exposure to crypto-linked equities this week, taking advantage of a broader market dip that pushed Bitcoin briefly below the $66,000 mark. The firm increased its holdings in Robinhood, Bullish and Circle even as digital asset prices weakened and US spot Bitcoin ETFs saw sharp outflows.

ARK Invest adds to Robinhood, Bullish and Circle holdings

On Wednesday, ARK Invest purchased 433,806 shares of Robinhood Markets, spending roughly $33.8 million, according to trade disclosures. The move made Robinhood the largest single crypto-related addition in the firm’s latest buying spree.

Alongside Robinhood, ARK also picked up 364,134 shares of crypto exchange Bullish, valued at around $11.6 million, and 75,559 shares of Circle, the issuer of the USDC stablecoin, worth approximately $4.4 million. All three stocks were trading lower on the day, with Robinhood falling close to 9 percent, based on TradingView data.

The buying contrasted with ARK’s recent stance on Coinbase. After selling about $17 million worth of Coinbase shares last week, the firm chose not to add more of the stock during the latest round of purchases.

Robinhood strengthens position inside ARK’s flagship fund

Following the new acquisition, Robinhood has become the top crypto-linked holding in ARK Innovation ETF. As of February 11, the stock accounted for about 4.1 percent of the fund’s portfolio, representing nearly $248 million in value.

The timing of the purchase aligned with Robinhood’s rollout of the testnet for its own blockchain initiative. The Robinhood Chain is a permissionless layer 2 network designed to support financial services and tokenized real-world assets. The move signals the company’s deeper push into blockchain infrastructure beyond its core trading app.

Earlier in the week, Robinhood also reported record net revenue of nearly $1.28 billion for the fourth quarter of 2025. While that figure marked a 27 percent increase compared to the previous year, it missed Wall Street estimates of $1.34 billion. The earnings miss weighed on the stock, contributing to its recent decline.

Bitcoin ETFs see heavy outflows as momentum fades

Weakness in the broader crypto market was reflected in US spot Bitcoin exchange-traded funds, which failed to maintain recent inflow momentum. After three straight days of inflows, Bitcoin ETFs recorded net outflows of about $276.3 million on Wednesday, according to data from SoSoValue.

The outflows erased most of the week’s earlier gains, leaving total weekly inflows at just $35.3 million. Assets under management across Bitcoin ETFs fell to $85.7 billion, the lowest level seen since early November 2024.

Ether ETFs also faced selling pressure, posting daily net outflows of $129.2 million. Funds tracking XRP saw no new inflows, while Solana ETFs managed modest inflows of around $0.5 million, standing out slightly amid the broader pullback.

Bitcoin steadies after brief dip below $66,000

Bitcoin briefly slipped below $66,000 during the market downturn before recovering modestly. At the time of publication, the largest cryptocurrency was trading near $67,227, up about 0.4 percent over the past 24 hours, according to CoinGecko.

The recent decline follows a challenging period for crypto investment products. Analysts have pointed to a possible turning point after three consecutive weeks of net outflows totaling more than $3 billion, suggesting investor sentiment remains fragile despite periodic rebounds.

ARK maintains long-term conviction despite volatility

ARK Invest’s latest purchases underline the firm’s long-term confidence in companies tied to the digital asset ecosystem, even as short-term price action remains volatile. By adding to positions during a market pullback, Cathie Wood’s firm appears to be betting that infrastructure-focused crypto businesses will benefit once sentiment stabilizes and capital flows return.

While Bitcoin and related investment products continue to face pressure, ARK’s strategy signals that not all institutional players are stepping back. Instead, some are using the downturn as an opportunity to build exposure at lower prices, particularly in firms positioned at the intersection of traditional finance and blockchain technology.