Cathie Wood buys $16M worth of crashing crypto stocks

Over the years, Cathie Wood has made 1 happening clear. She likes crypto-linked stocks. And erstwhile markets get shaky, she tends to bargain the dip.

This week was nary different.

With geopolitical tensions rising and volatility rattling Wall Street, the ARK Invest CEO went shopping.

Related: Cathie Wood predicts 2026 revised outlook

The ongoing U.S.-Israel-Iran warfare is weighing heavy connected markets.

On Mar. 4, the sixth time of the conflict, large U.S. indexes closed lower. The Nasdaq Composite fell 1.02%, the S&P 500 slipped 0.94%, the NYSE Composite dropped 1.77%, and the Dow Jones Industrial Average declined 0.83%.

Investors are intelligibly nervous.

Crypto saw a akin pattern. At the commencement of the war, some coins and crypto-linked stocks dipped sharply earlier stabilizing. By the 4th time of the conflict, Bitcoin (BTC) had climbed adjacent to $69,482.

At property time, it was trading adjacent $68,462, holding comparatively dependable contempt the headlines.

The takeaway? Volatility is back, but panic has cooled, astatine slightest for now.

• Inflation information sends markets reeling

• Iranians retreat funds from exchanges arsenic warfare escalates

• $144 trillion planetary wealth maturation flashes informing sign

While others hesitated, Wood stepped in.

On Mar. 3, ARK Invest purchased 22,452 shares of Coinbase (NASDAQ: COIN) crossed its ARKK, ARKW, and ARKF ETFs. Based connected the day's closing terms of $182.36, that adds up to astir $4.09 million.

Coinbase is the largest cryptocurrency speech successful the United States, co-founded by Brian Armstrong and Fred Ehrsam successful 2012.

The aforesaid day, the steadfast besides scooped up 158,587 shares of Robinhood (NASDAQ: HOOD), worthy astir $12.06 cardinal astatine its closing terms of $76.07.

Robinhood is different U.S.-based trading level offering stocks, options, and cryptocurrencies.

The timing is notable. Coinbase closed down 1.55%, portion Robinhood slid 3.44%. Wood appears to beryllium leaning into weakness alternatively than moving from it.

The steadfast caps idiosyncratic holdings astatine astir 10% of a fund’s portfolio, which forces regular rebalancing arsenic markets move.

As of Mar. 3, Coinbase is the sixth-largest holding successful ARKK, with a 4.21% weighting valued astatine astir $281.2 million. It is besides the third-largest holding successful ARKF with a value of 5.92% astatine about $48 million. As for ARKW, it is the eighth-largest with 3.93% weightage and worth $63 million.

Meanwhile, Robinhood ranks seventh in some ARKK and ARKF, weighing 4.43% and 4.07% of the respective funds with valuations of astir $36 cardinal and $271 million. In ARKW, Robinhood is the fifth-largest with a weightage of 4.72% valued astatine about $76 million.