ARK Invest purchased shares of Coinbase Global in three exchange-traded funds on Friday. The cryptocurrency exchange ranked as the second-most popular stock across the fund family that day. Coinbase was bought in ARKF, ARKK, and ARKW at a weighting of approximately 0.15% of each fund's holdings, trailing only SpaceX, which was purchased across four funds. The purchases follow ARK's Thursday disclosure that it sold Robinhood Markets from ARKK while buying Circle Internet Group across three funds, signaling continued rotation among crypto-adjacent holdings this week.
ARK Invest Purchases Coinbase Across Three ETFs on Friday
ARK Invest bought Coinbase Global shares in ARKF, ARKK, and ARKW on Friday at a similar weighting of about 0.15% of each fund's holdings. SpaceX was the most bought stock of the day by fund count, with four funds—ARKK, ARKQ, ARKW, and ARKX—purchasing the stock. Coinbase stock closed over 0.4% on Friday.
The purchase follows ARK disclosing on Thursday that it was selling Robinhood Markets from ARKK while buying Circle Internet Group across ARKK, ARKW, and ARKF. This activity signals rotation among crypto-adjacent names across the fund family this week. Circle stock rebounded from its three-month low after the OCC National Trust Bank approval on Thursday.
ARK Sells AMD and Deere Across Multiple Funds
On Friday, ARK sold Advanced Micro Devices and Deere & Co across three funds each: ARKK, ARKQ, and ARKX. The biggest single trade by weight was a sale of Roku from ARKW, making up around 0.31% of the fund. Roku was also sold from ARKW and ARKF in the July 9 disclosure, marking the second consecutive day of selling in the name.
X-Energy was purchased in all four of the same funds that invested in SpaceX on Friday.
ARK Genomic Revolution ETF Executes Nine Trades
Friday's disclosure saw nine trades in ARK Genomic Revolution ETF, the most active single fund. The fund bought Ionis Pharmaceuticals, Recursion Pharmaceuticals, Compass Pathways, Prime Medicine, Tempus AI, Generate Biomedicines, and Alamar Biosciences. ARK sold Twist Bioscience, Personalis, and BioNTech from the same fund.
FAQ
What did ARK Invest buy on Friday?
ARK Invest purchased shares of Coinbase Global in three exchange-traded funds—ARKF, ARKK, and ARKW—on Friday at a weighting of approximately 0.15% of each fund's holdings. SpaceX was bought across four funds, making it the most purchased stock by fund count that day.
Why did ARK Invest sell Roku from ARKW?
ARK sold Roku from ARKW on Friday, with the sale making up around 0.31% of the fund. This marked the second consecutive day of selling Roku, as the stock was also sold from ARKW and ARKF in the July 9 disclosure. The source does not provide a stated reason for the sales.
How many trades did ARK Genomic Revolution ETF make on Friday?
ARK Genomic Revolution ETF executed nine trades on Friday, the most active single fund that day. The fund bought seven stocks—Ionis Pharmaceuticals, Recursion Pharmaceuticals, Compass Pathways, Prime Medicine, Tempus AI, Generate Biomedicines, and Alamar Biosciences—and sold three stocks: Twist Bioscience, Personalis, and BioNTech.
