​​Cathie Wood’s ARK Invest increased exposure to recent falling crypto stocks, BitMine (BMNR), Circle (CRCL), Bullish (BLSH), Robinhood (HOOD), while maintaining​​Cathie Wood’s ARK Invest increased exposure to recent falling crypto stocks, BitMine (BMNR), Circle (CRCL), Bullish (BLSH), Robinhood (HOOD), while maintaining

Cathie Wood Scoops Crypto Stocks BMNR, CRCL, BLSH, and HOOD in Recent Fall

2 min read

Crypto stocks have taken a major beating during the recent crypto market correction, but Ark Invest CEO Cathie Wood finds a major opportunity here. On Feb. 2, the asset manager increased its exposure to some of the top crypto-linked stocks, including BitMine (BMNR), Circle (CRCL), Bullish (BLSH), and Robinhood (HOOD).

Cathie Wood’s Ark Invest Buys the Crypto Stock Dips

In recent weeks, crypto stocks have entered a major correction. On Monday, Feb. 2, USDC stablecoin issuer Circle (NYSE: CRCL) was down by 8%, closing at $58.86. Similarly, Tom Lee’s BitMine (NYSE: BMNR) saw a 9% fall, while crypto exchange Bullish (NYSE: BLSH) stock was also down by 5%.

According to the data from Ark Daily, the Cathie Wood firm added these crypto stocks on dips via her two flagship funds, such as the ARK Innovation ETF and the ARK Blockchain & Fintech Innovation ETF. On the other hand, the ARK Next Generation Internet ETF also increased its allocation to crypto-linked equities.

The ARKK ETF bought 235,077 shares of Robinhood (HOOD) worth $21.1 million, and 274,358 shares of BitMine (BMNR) worth about $6.2 million. Furthermore, the ARK Blockchain & Fintech Innovation ETF (ARKF) also added 6,699 Coinbase shares to its portfolio.

ARK Invest’s ETFs have remained under pressure in recent months as markets continue to struggle following the October crypto market crash. Despite the ongoing weakness, ARK increased its exposure to crypto-related stocks late last month even as prices continued to decline.

Wood Asks to Swap Gold for Bitcoin

Shifting up on the macro perspective, Cathie Wood noted that the inflationary pressure could reduce moving ahead.

Based on her reading of dropping inflation, Wood believes that Gold is preparing for a major fall. She said that the last two times such a gold rally occurred, inflation was in double digits.

Thus, Wood said she would favor reallocating from gold into Bitcoin, reiterating her long-term bullish outlook for the cryptocurrency. Previously, she also shared her bull-case scenario, sharing a $1.5 million BTC BTC $77 830 24h volatility: 0.9% Market cap: $1.56 T Vol. 24h: $54.11 B price target by 2030.

next

The post Cathie Wood Scoops Crypto Stocks BMNR, CRCL, BLSH, and HOOD in Recent Fall appeared first on Coinspeaker.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge

Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge

The surge follows a difficult August, when investors pulled out more than $750 million while rotating capital into Ethereum-focused funds. […] The post Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge appeared first on Coindoo.
Share
Coindoo2025/09/18 01:15
CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions

Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions

The post Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions appeared on BitcoinEthereumNews.com. Vitalik Buterin, a prominent voice
Share
BitcoinEthereumNews2026/02/04 05:30