ARK Invest Buys the Dip, Adding Nearly 1,000 Bitcoins to Its ARKB 21Shares ETF

The firm purchased nearly $80 million worth of Bitcoin in multiple transactions on Wednesday, according to blockchain analytics platform Arkham Intelligence.

While other institutions are selling, ARK Invest is buying. The firm purchased nearly $80 million worth of Bitcoin in multiple transactions on Wednesday, according to blockchain analytics platform Arkham Intelligence. The Bitcoin buys came via Coinbase (COIN).

The most significant recorded transfer was 499.134 BTC, valued at $40.37 million. Shortly after, another 498.6 BTC tranche, worth $41.07 million, followed. This accumulation further signifies ARK’s commitment to Bitcoin investment through its ARKB 21Shares ETF.

In addition to Bitcoin purchases, Cathie Wood’s firm also increased its stake in Coinbase stock, acquiring 64,358 shares valued at approximately $11.53 million. This marks its largest Coinbase investment since August 2024.

ARK Bucks the Trend: Institutional Outflows Continue

Institutions have been crucial in Bitcoin's market dynamics. While ARK Invest has been accumulating Bitcoin, overall institutional outflows from spot Bitcoin ETFs have reached $1.1 billion in recent weeks.

Specifically, ARK itself sold $9 million worth of Bitcoin ETFs, aligning with a broader trend of institutions adjusting their holdings.

Outflows from Bitcoin ETFs mirrored the major correction in the spot market, with Bitcoin dropping to $76K. Multiple factors have influenced the selling pressure in the crypto market.

This includes a declining U.S. stock market, which saw the S&P500 fall to 2023 lows, putting pressure on institutions to rotate out of riskier assets. Furthermore, inflation concerns and trade policy uncertainties have also contributed to selling activity.

These elements have played a role in Bitcoin's price fluctuations. After hitting a low of $76K, the flagship crypto recovered to over $84K. However, in the last 24 hours, Bitcoin has slipped to $79K.

Cathie Wood: Still Bullish on $1M Bitcoin

Despite the current volatility, ARK Invest CEO Cathie Wood remains optimistic about Bitcoin's long-term potential.

She has previously predicted that Bitcoin could reach $1 million per coin by 2030. Citing growing institutional adoption and macroeconomic shifts as key drivers.