Kacey Wood's First Major Cryptocurrency Investment Reveals the Investment Secrets of Ark Fund

Ark Invest(Ark Invest)‘s top ten holdings list, led by Cathie Wood, continues to attract market attention. Contrary to most investors’ perceptions, this “Wood Sister”’s largest holding is not the well-known Tesla(TSLA.US), but the leading cryptocurrency trading platform Coinbase(COIN.US).

Cryptocurrency Assets Become Core Allocation

According to the latest holdings data, Ark Invest’s stock positions account for as much as 31.81%, with Coinbase firmly in the first place. This allocation deeply reflects Wood’s strong confidence in the long-term development of the cryptocurrency industry.

Wood has publicly stated that her target price for Bitcoin in 2030 is $1.48 million. Her reasoning is clear: Bitcoin, as a digital asset with a fixed supply, is hardly affected by inflation. As the global economy accelerates its digital transformation, Bitcoin’s price discovery space will continue to expand, offering enormous long-term appreciation potential.

Why the Exclusive Love for Coinbase?

Among many crypto assets, why does Wood favor Coinbase so much? There are two core considerations behind this.

First, as a leading U.S.-based cryptocurrency service provider, Coinbase places top priority on regulatory compliance. In an industry filled with risks, this respect for rules is key to its standout position. Second, Wood views Coinbase as the infrastructure provider for cryptocurrency asset management, with its investment value deeply tied to industry development prospects.

Action verifies judgment — during periods when negative news frequently hits the crypto market and related stocks are under pressure, Wood continues to increase her Coinbase holdings, which is enough to demonstrate her confidence in the platform’s long-term value.

New Trends in Holding Strategies

It is worth noting that since June last year, Ark Invest has gradually adjusted its layout. The fund has reduced more than half of its Coinbase stock holdings and redirected the released funds into other high-growth assets.

More notably, some of the investments originally allocated to Coinbase have shifted to direct holdings of Bitcoin. Currently, Ark has launched its self-managed Bitcoin ETF, Ark 21Shares Bitcoin ETF, (ARKB.US), and other fund products have also allocated shares of this ETF, marking a shift from platform investment to direct asset holding.

Behind this strategic adjustment may be Wood’s new thinking on the structure of the cryptocurrency market — from favoring platform operational capabilities to emphasizing the growth potential of digital assets themselves. As of the latest data, Coinbase is quoted at $130.82, down 1.51%.