Ark Invest adds Coinbase, Circle, Bullish and Robinhood shares as crypto-linked stocks rise

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Ark Invest adds crypto stocks

Highlights

Ark Invest bought 45,164 Coinbase shares ($6.85 million), 81,757 Circle shares ($6.21 million), 149,422 Bullish shares ($3.54 million), and 2,943 Robinhood shares ($299,685) as all four stocks rose Monday.
Coinbase closed up 1.74% at $151.65, Circle 3.25% at $75.96, Bullish 1.72% at $23.69, Robinhood 3.18% at $101.83, while major U.S. indexes also gained.
Circle expanded its partnership with BNY Mellon for stablecoin lifecycle management, and Coinbase launched tokenized U.S. stocks while Benchmark Equity Research reaffirmed its $270 price target.

ETF purchases track Monday market gains

The Block reported that Ark Invest's Monday trading disclosure shows fresh buying across four stocks tied to crypto trading and digital finance. The firm purchased 45,164 Coinbase shares, valued at $6.85 million at the closing price, along with 81,757 Circle Internet Group shares worth $6.21 million, 149,422 Bullish shares worth $3.54 million, and 2,943 Robinhood shares valued at about $299,685.

All four stocks closed higher on Monday. Coinbase gained 1.74% to $151.65, Circle rose 3.25% to $75.96, Bullish added 1.72% to $23.69, and Robinhood advanced 3.18% to $101.83, while the S&P 500 Index, Dow Jones Index and Nasdaq Composite also moved higher.

Ark Invest actively rebalances its ETF holdings so that no single stock exceeds 10% of any fund portfolio. That approach means the manager adjusts weightings when sharp price moves change the relative size of positions.

Company developments support sector momentum

Recent corporate updates are adding to investor interest in the names Ark bought. On Monday, Circle announced an expanded partnership with Bank of New York Mellon, or BNY, to provide full-lifecycle stablecoin capabilities for institutional clients, including the ability to custody, transfer, mint and burn USDC through BNY's digital custody wallets.

Coinbase is also broadening its product offering. Earlier this month, the exchange launched tokenized U.S. stocks on its platform, and Benchmark Equity Research maintained its Buy rating on the company while reiterating a $270 price target, citing the tokenized U.S. equities rollout.

Our earlier Robinhood (HOOD) price analysis highlighted how record June trading activity—especially in event contracts, options, and equities—was supporting the stock’s upside momentum and improving the revenue outlook. It also noted a bullish technical setup with near-term resistance around the $102.58 area and a projected short-term trading range roughly between $95.89 and $107.69, with the bias remaining positive as long as key support levels held.

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