Latest news with #ARKFintechInnovationETF
Business Insider
a day ago
- Business
- Business Insider
CRWV and RBLX: Cathie Wood Invests Over $27 Million in Tech Stocks
Popular investor Cathie Wood 's ARK Invest ETFs disclosed their latest trades for Friday, August 15, highlighting major bets on Roblox (RBLX) and CoreWeave (CRWV). Together, the two tech buys amounted to nearly $27.8 million, signaling ARK's conviction in gaming platforms and AI-powered cloud computing. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The largest trade of the day was the purchase of 125,799 Roblox shares, spread across three ARK funds, namely, ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), valued at $15.8 million. The buy continues a trend, as ARK has steadily increased its stake in the gaming platform throughout the past week. Another notable move was the addition of 120,229 CoreWeave shares through the ARKW ETF, worth nearly $12 million. CoreWeave has emerged as a rising name in cloud and high-performance computing, offering infrastructure critical to AI development. ARK's growing position signals strong confidence in CoreWeave's potential to become a key player in the next phase of computing. ARK Expands Its Biotech Bets on Friday ARK continued to invest in healthcare names, with ARKK purchasing 165,024 shares of CRISPR Therapeutics (CRSP) valued at $9.7 million. The firm also added 456,045 shares of Intellia Therapeutics (NTLA) worth about $5 million, along with 417,397 shares of Twist Bioscience (TWST) valued at $12 million. These trades show ARK's focus on gene-editing and synthetic biology companies, even as biotech stocks remain volatile. On the sell side, ARK's ARKW ETF offloaded 190,396 shares of Genius Sports (GENI) for about $2.5 million. Notably, the stock has gained over 49% year-to-date. Let's take a brief look at how all these stocks perform on .
Yahoo
3 days ago
- Business
- Yahoo
Ark Invest Buys More Than 2.5M Bullish Shares on Day of NYSE Debut
Ark Invest said it bought more than 2.5 million shares of crypto platform Bullish (BLSH) on the day of the company's explosive debut on the New York Stock Exchange, securing a stake valued at more than $170 million by the end of the day. Shares of the company, which owns CoinDesk, surged to as high as $102 from the $37 IPO pricing, before closing at $68, an 84% gain. The company sold 20.3 million shares for its initial public offering, which had also attracted interest from BlackRock (BLK), according to a filing with the SEC. Ark added 1,714,522 BLSH shares to its flagship ARK Innovation ETF (ARKK), 545,416 shares to the ARK Next Generation Internet ETF (ARKW) and 272,755 shares to the ARK Fintech Innovation ETF (ARKF). Bullish's rally extended into Thursday, recently trading 15% higher. That performance comes as the broader crypto market slipped, erasing part of the prior day's gains when bitcoin (BTC) hit a record high of $124,000. The CoinDesk 20 Index is down about 2.1% over the past 24 hours. Other recently listed crypto-related stocks fell. Circle (CRCL), which went public in June, fell about 2% Thursday, while trading platform eToro (ETOR) dropped nearly 3%. Wood has a track record of making sizable early moves in newly public crypto firms. Upon Circle's IPO, Ark purchased about 4.5 million shares, valued at roughly $373 million at the time. Those shares are now worth about $675 million. Her stake in eToro is smaller — around 140,000 shares — currently valued at $6.5 million. Bullish's strong debut and Ark's rapid allocation across multiple ETFs highlight growing investor interest in publicly traded crypto infrastructure companies, even as market volatility remains high. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Cathie Wood Loads Up On This IPO Stock As It Reverses Out Of Buy Zone
Cathie Wood and Ark Invest on Tuesday purchased thousands of shares of IPO stock eToro Group as the trading platform notched a volatile session after reporting first-quarter earnings. Wood's ARK Fintech Innovation ETF added 49,922 shares of ETOR on Tuesday for an estimated $3.34 million, according to daily trade disclosures. The IPO stock edged higher at the opening bell in Tuesday stock market action before sinking nearly 12% to 66.96.
Yahoo
10-06-2025
- Business
- Yahoo
Is Cathie Wood Back After ARK's $500M Circle Win?
ARK Invest is reaping the rewards of a bold bet on the latest crypto company to hit the public markets. Shares of Circle Internet Group (CRCL), the firm behind the USDC stablecoin, exploded out of the gate after its initial public offering last Thursday, sending several of ARK's actively managed exchange-traded funds sharply higher. Circle priced its IPO at $31 a share and opened trading with a bang, climbing as high as $139 by Monday. Before the offering, ARK had indicated it would purchase up to $150 million worth of shares at the IPO price, equivalent to about 4.8 million shares. On Thursday, ARK confirmed that it had acquired a combined 4.5 million Circle shares across three of its funds: 3 million shares for the ARK Innovation ETF (ARKK) 927,000 shares for the ARK Next Generation Internet ETF (ARKW) 534,000 shares for the ARK Fintech Innovation ETF (ARKF) If ARK was able to purchase those shares near the IPO price, it would be up more than $500 million at Monday's high. The surge in Circle's stock price helped power a big rally in the ARK funds. ARKK jumped 8.5% on Friday, ARKW rallied 6.8% and ARKF gained 6.3%. Circle is now a top holding in each fund: 5.4% of ARKK (sixth-largest holding) 5.5% of ARKW (seventh-largest) 5.3% of ARKF (fifth-largest) The successful IPO and outsized gains highlight one of the benefits of active ETFs: the ability to participate meaningfully in hot new offerings, something that's often out of reach for individual investors. That said, Circle's debut is far from typical. Most IPOs don't quadruple in a matter of days. The enthusiasm around Circle reflects investor excitement about the company's role in the growing world of stablecoins. USDC, the company's flagship product, is the second-largest stablecoin globally with a market value topping $60 billion. Stablecoins are blockchain-based representations of traditional currencies, like the U.S. dollar and the euro, and are redeemable for the real underlying currency. While domestic payment systems have become faster and cheaper in recent years, stablecoins offer advantages for international transfers, allowing money to move across borders more quickly and cheaply than with traditional bank transfers or card networks. Circle earns revenue by holding reserves behind USDC and investing those reserves in safe, interest-bearing assets. With interest rates currently at relatively high levels, so too are Circle's earnings, helping boost its appeal as a public company. The big win in Circle has led some to wonder whether Cathie Wood's ETFs could be staging a comeback. ARKK, which manages over $5 billion, is up 9% year to date, outpacing the Invesco QQQ Trust (QQQ), which has gained 4%. ARKW and ARKF are up more than 20% each in 2025. Still, ARK's longer-term track record remains challenged. ARKK is down 4% over the past five years, while QQQ is up 123% during the same period. Time will tell whether this marks the start of an ARK comeback or simply a rare win for a struggling active ETF | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
06-04-2025
- Business
- Yahoo
Cathie Wood's ARK Buys Over $13M Worth Coinbase Shares During Market Rout
Cathie Wood's ARK Investment Management took advantage of the $5.4 trillion U.S. equities market sell-off and purchased over 83,000 shares of Coinbase (COIN), increasing exposure to the crypto exchange even as prices dipped sharply across the board. The total shares purchased were worth more than $13 million, taking Friday's closing price for Coinbase. According to ARK's daily trading disclosure for April 4, Wood's flagship ARK Innovation ETF (ARKK) bought nearly 55,000 Coinbase shares, with additional purchases coming from the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF). The timing is notable. Coinbase shares have slipped more than 12% during the market rout, while bitcoin and other cryptocurrencies showed resilience. The CoinDesk 20 (CD20) index dropped by 5.8% in the same period. The sell-off came after U.S. President Donald Trump unveiled his reciprocal tariffs against nearly every country in the world. Read more: Bitcoin Begins to Decouple From Nasdaq as U.S. Stocks Crumble Sign in to access your portfolio
