​​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

A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

The post A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release appeared on BitcoinEthereumNews.com. KPop Demon Hunters Netflix Everyone has wondered what may be the next step for KPop Demon Hunters as an IP, given its record-breaking success on Netflix. Now, the answer may be something exactly no one predicted. According to a new filing with the MPA, something called Debut: A KPop Demon Hunters Story has been rated PG by the ratings body. It’s listed alongside some other films, and this is obviously something that has not been publicly announced. A short film could be well, very short, a few minutes, and likely no more than ten. Even that might be pushing it. Using say, Pixar shorts as a reference, most are between 4 and 8 minutes. The original movie is an hour and 36 minutes. The “Debut” in the title indicates some sort of flashback, perhaps to when HUNTR/X first arrived on the scene before they blew up. Previously, director Maggie Kang has commented about how there were more backstory components that were supposed to be in the film that were cut, but hinted those could be explored in a sequel. But perhaps some may be put into a short here. I very much doubt those scenes were fully produced and simply cut, but perhaps they were finished up for this short film here. When would Debut: KPop Demon Hunters theoretically arrive? I’m not sure the other films on the list are much help. Dead of Winter is out in less than two weeks. Mother Mary does not have a release date. Ne Zha 2 came out earlier this year. I’ve only seen news stories saying The Perfect Gamble was supposed to come out in Q1 2025, but I’ve seen no evidence that it actually has. KPop Demon Hunters Netflix It could be sooner rather than later as Netflix looks to capitalize…
Share
BitcoinEthereumNews2025/09/18 02:23
Trump foe devises plan to starve him of what he 'craves' most

Trump foe devises plan to starve him of what he 'craves' most

A longtime adversary of President Donald Trump has a plan for a key group to take away what Trump craves the most — attention. EX-CNN journalist Jim Acosta, who
Share
Rawstory2026/02/04 01:19
Why Bitcoin Is Struggling: 8 Factors Impacting Crypto Markets

Why Bitcoin Is Struggling: 8 Factors Impacting Crypto Markets

Failed blockchain adoption narratives and weak fee capture have undercut confidence in major crypto projects.
Share
CryptoPotato2026/02/04 01:05