Ark Invest adds ~$17M in Coinbase, Circle, Bullish and Robinhood shares on Monday rally

Cathie Wood's Ark Invest bought additional shares of four crypto-adjacent public companies on Monday, June 29, across its ARKK, ARKW and ARKF exchange-traded funds, according to the firm's daily trading disclosure as reported by The Block.

The purchases totaled roughly $16.9 million at Monday's closing prices: 45,164 Coinbase shares ($6.85 million), 81,757 shares of Circle Internet Group ($6.21 million), 149,422 shares of crypto exchange Bullish ($3.54 million), and 2,943 shares of Robinhood ($299,685). All four stocks closed higher on a day when the S&P 500, Dow and Nasdaq Composite also rose.

The buys are consistent with Ark's stated mechanics rather than a fresh directional bet: the firm says it caps any single stock at 10% of a fund's portfolio and rebalances during large price swings, so purchases can reflect weighting maintenance as much as conviction. The Block did not report any Ark statement framing Monday's trades as a new thesis, and this filing shows one day of activity, not a trend.

Two company developments sat in the background. Circle said Monday it had expanded its partnership with Bank of New York Mellon to let institutional clients custody, transfer, mint and burn USDC through BNY's digital custody wallets — a claim from Circle's own announcement, not independently verified here. Coinbase launched tokenized U.S. stocks on its platform earlier in June.

Key facts

• Ark bought 45,164 Coinbase shares ($6.85M), 81,757 Circle shares ($6.21M), 149,422 Bullish shares ($3.54M), 2,943 Robinhood shares ($299,685) on Mon., June 29 — Ark trading disclosure, via The Block.
• Monday closes: Coinbase +1.74% to $151.65; Circle +3.25% to $75.96; Bullish +1.72% to $23.69; Robinhood +3.18% to $101.83 — The Block.
• Ark caps single stocks at 10% of a fund and rebalances on price swings — The Block, citing Ark's stated approach.
• Benchmark Equity Research kept a "Buy" and $270 price target on Coinbase earlier in June — The Block.

The real-world read

Daily ETF trade prints are routine mechanics, not a market signal, and it's worth resisting the framing that Ark "loading up" implies conviction — the firm's own 10% cap means it buys and sells the same names to hold weightings. Two of the figures come from interested parties: Circle's BNY custody expansion is Circle's own announcement, and the $270 Coinbase target is Benchmark's sell-side call — a forecast from a research firm, not a fact about the stock. Note also that The Block discloses Foresight Ventures as its majority investor, with crypto exchange Bitget an anchor LP in Foresight; the outlet says it operates independently, but the tie is relevant when it reports on exchanges. All figures here trace to a single secondary source; Ark's disclosure is primary and public but was not directly reviewed for this item.

Opinion, and whose

Benchmark Equity Research: "Buy" on Coinbase, $270 price target, citing its tokenized-equities launch (The Block). No other forecasts were offered in the source.

Sources

• The Block (Danny Park), June 30 — sole source; Ark's Monday purchase amounts, share counts, closing prices, Ark's rebalancing policy, Circle-BNY partnership, Coinbase tokenized stocks, Benchmark's rating. Reputable secondary outlet; discloses Foresight Ventures (majority investor) and Bitget (anchor LP in Foresight). Circle's BNY claim and Benchmark's target are interested-party statements relayed by The Block.

This is news coverage, not financial advice.