Key Points
- Ark Invest increased exposure to crypto-related stocks amid a broader market correction.
- Cathie Wood reiterated a preference for Bitcoin over gold amid easing inflation signals.
Ark Invest added to several crypto-linked equities during a recent downturn in digital asset markets, viewing the pullback as a buying opportunity.
The firm increased exposure to companies including BitMine, Circle, Bullish, and Robinhood as prices declined across the sector.
Ark Invest Adds to Crypto-Linked Stocks
Several crypto-related stocks posted notable losses in early February, reflecting broader weakness across digital asset markets.
Circle shares declined by about 8%, while BitMine fell roughly 9% and Bullish dropped around 5% during the same session.
Data from Ark’s daily disclosures showed these additions were made through multiple funds, including ARK Innovation ETF and ARK Blockchain & Fintech Innovation ETF.
The ARK Innovation ETF increased its holdings of Robinhood and BitMine, while ARK Blockchain & Fintech Innovation ETF added shares of Coinbase.
Despite the purchases, Ark Invest’s ETFs have remained under pressure following prolonged weakness after the October crypto market downturn.
Bitcoin Preference Over Gold Amid Inflation Signals
From a macroeconomic perspective, Cathie Wood pointed to data suggesting that inflation pressures may continue to ease.
Based on this outlook, she indicated that gold could be vulnerable if inflation trends lower than recent expectations.
Wood stated that she would favor reallocating capital from gold into Bitcoin, maintaining a long-term bullish stance on the cryptocurrency.
She has previously outlined a high-end price scenario for Bitcoin by 2030, while emphasizing that such projections depend on broader adoption and macroeconomic conditions.
