Cathie Wood’s firm expanded its holdings in five companies across several ETFs on Friday, following a smaller round of purchases in four crypto-linked stocks a day earlier.
Ark Invest purchased about $25.54 million of shares in Coinbase, SpaceX, Circle, Bullish and Robinhood on Friday across several of its exchange-traded funds, broadening positions in a mix of crypto-linked and adjacent companies. The latest buying followed roughly $5.39 million of purchases in Coinbase, Circle, Bullish and Robinhood shares on Thursday through three ETFs. The activity underscores Cathie Wood’s practice of using ETF portfolios to adjust exposure to digital-asset-related companies and other high-conviction holdings as market conditions shift.