Snapping up during the big dip! “Mu Mu” sister of the female stock goddess adds to her buys, taking positions in 4 crypto-related stocks including Coinbase and Circle

ARK Invest seized the opportunity to buy the dip amid the sharp drop in both the stock and crypto markets. Through its active ETFs, the firm added positions in concept stocks such as Coinbase and Robinhood. The “female stock goddess” also reiterated its view that inflation is cooling and that monetary policy will be more accommodative.

Just as both the stock and crypto markets were broadly sliding and investors were holding back, ARK Invest (ARK Invest), led by the “female stock goddess” Cathie Wood, moved in to buy the dip. It aggressively added to crypto-related concept stocks including Coinbase, Circle, Bullish, and Robinhood, continuing to demonstrate confidence in the long-term growth prospects of the crypto industry. At the same time, Cathie Wood also reiterated that she believes inflation is steadily cooling, and that the future direction of monetary policy may be more accommodative than the market expects.

According to the latest disclosed trading data, ARK Invest—through three active ETFs, ARKK, ARKW, and ARKF—bought a total of 9,014 shares of Coinbase in one go. Based on Thursday’s closing price, the scale of this add-on position was approximately $1.28 million.

In addition to Coinbase, ARK simultaneously bought 9,264 shares of Circle stock, as well as 9,136 shares of the institutional-grade crypto exchange Bullish. Furthermore, through its flagship fund ARKK, ARK spent approximately $3.27 million to buy 35,023 shares of Robinhood.

It is worth noting that the timing of ARK Invest’s “counter-cyclical adding” came while all four stocks were falling across the board. Coinbase’s share price fell 5% to $142.52 on Thursday; Circle dropped 3% to $68.81; Robinhood slid 3.85% to close at $93.47; and Bullish was hit even harder, plunging 6.77% to $21.88.

ARK Invest has long been proactive in dynamically adjusting the weighting of holdings in its ETFs and strictly adheres to the “hard rule” that “the weight of any single stock must not exceed 10% of the fund’s total size.” This means that when the price of certain assets experiences sharp fluctuations, ARK will activate a “rebalancing” mechanism—by buying those beaten-down stocks—to maintain the target weight proportions.

In response to recent market turmoil and anxiety, Cathie Wood also published a lengthy post on the social platform X, pointing out that inflation is actually on a cooling path, and emphasizing that “productivity improvements” are the key force suppressing prices.

Cathie Wood said: “Recently, when I was on overseas investor roadshows in Asia and Europe, I felt deeply the fear of inflation among investors. When I told them that inflation is likely to see a significant pullback, and that this is not only because of falling oil prices, they were quite surprised.” She further supported her view with data:

“If we look at Unit Labor Costs—which measure the labor wage cost required by businesses to produce each unit of output—the year-over-year rate has already fallen to 0.5%. I believe that Fed Chairman Kevin Warsh not only clearly understands the key role productivity plays in fighting inflation, but also sees through the blind spots and flaws behind the official inflation data.”

Amid Wall Street’s recent chorus of “getting ready for higher interest rates,” Cathie Wood commented: “Although many people in the market now expect that the pace of rate hikes will come faster than a few months ago, I firmly believe that Warsh will deliver a masterclass in monetary policy for the entire financial market.”

• This article is reproduced with permission from: 《Blockcast》
• Original title: 《Buying the Dip! “Cathie Wood” Adds Positions in 4 Crypto Concept Stocks Including Coinbase and Circle》
• Original author: Block Mei Mel