Cathie Wood’s ARK Buys the Dip in Circle, Trims Robinhood Stake

Cathie Wood’s ARK Invest runs actively managed ETFs focused on disruptive innovation and buys into market declines to maintain portfolio weightings. Coinbase, Circle, Bullish and Robinhood span exchanges, stablecoins and retail brokerage, making them key gauges of crypto-finance infrastructure. Wood has also argued that inflation is cooling and monetary policy could ease, citing annual unit labor cost growth of just 0.5%.

On June 25, 2026, ARK bought 9,014 Coinbase shares, 9,264 Circle shares, 9,136 Bullish shares and 35,023 Robinhood shares through ARKK, ARKW and ARKF. The purchases were worth an estimated $5.4 million based on that day’s closing prices. ARK stepped up its buying over the full month, purchasing about $44 million of Coinbase, $25.25 million of Circle and $8.2 million of Bullish shares. Circle fell 40% in June.

Circle Internet Group issues USDC, the world's second-largest U.S. dollar stablecoin, and its business is closely tied to interest rates, stablecoin usage and regulatory developments. Cathie Wood's ARK Invest has increased its holdings again, reflecting a major growth fund's bet on digital-dollar infrastructure and Circle's future expansion.

Circle reported first-quarter earnings on May 11, 2026, posting earnings per share of 21 cents, above market expectations. ARK Invest bought 41,904 shares that day through ARKK, ARKW and ARKF, spending $5.5 million. Circle shares closed 16% higher at $131.76, their highest close since March 18. It was ARK's first increase in its holdings since spending $16.3 million on March 24.