Cathie Wood Sells $2.3 Million Of Peter Thiel-Backed Bullish Shares, Ark Adds Crypto Names Coinbase, Circle, Robinhood

by | Nov 3, 2026 | General

On Monday, Cathie Wood-led Ark Invest bought shares of Coinbase Global Inc. (NASDAQ:COIN), Circle Internet Group Inc. (NYSE:CRCL) and Robinhood Markets Inc. (NASDAQ:HOOD), while trimming its stake in Bullish (NYSE:BLSH).

The Coinbase Trade

Ark bought 3,041 Coinbase shares through ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), 17,077 shares through ARK Innovation ETF (BATS:ARKK) and 4,672 shares through ARK Next Generation Technology ETF (BATS:ARKW). The combined purchase totaled 24,790 shares, a trade worth approximately $3.4 million based on Monday’s closing price of $137.83.

Morgan Stanley analyst Michael Cyprys downgraded Coinbase to Underweight from Equal-Weight on Monday and cut his price target to $120 from $258. Cyprys cited weaker trading activity, a softer revenue outlook and uncertainty following the Binance hack.

Meanwhile, Bitcoin (CRYPTO: BTC) market watchers were split ahead of Tuesday’s U.S. midterm elections. Some argued that Bitcoin had already bottomed, while crypto analyst Ali Martinez flagged $73,000 as a key level to watch.


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The Circle Trade

Ark bought 6,738 Circle shares through ARKF, 22,707 shares through ARKK and 6,212 shares through ARKW. The combined purchase totaled 35,657 shares, worth approximately $2.6 million based on Monday’s closing price of $72.08.

Ark previously bought 35,403 Circle shares through ARKW on Oct. 27. In October, the Office of the Comptroller of the Currency issued a final rule covering payment stablecoin issuance and related activities by entities under its jurisdiction. Notably, Circle issues the major stablecoin USDC (CRYPTO: USDC)

The Robinhood Trade

Ark bought 7,703 Robinhood shares through ARKF, a trade worth approximately $645,819 based on Monday’s closing price of $83.84.

The firm had bought 99,418 shares across three funds on Oct. 28, a trade worth approximately $9.1 million at that day’s close.

Robinhood last week reported record third-quarter revenue of $1.424 billion, up 12% year over year. Event-contract revenue rose more than sixfold to $173 million, while cryptocurrency revenue fell 55% to $120 million. The company declined to provide a 2026 outlook for total operating expenses, citing uncertainty around credit losses and regulatory costs.

The Bullish Trade

Ark sold 28,798 Bullish shares through ARKF, 50,196 shares through ARKK and 25,178 shares through ARKW. The combined sale totaled 104,172 shares, worth approximately $2.3 million based on Monday’s closing price of $22.54.

The Peter Thiel-backed platform said it would report third-quarter results on Nov. 18. In August, the digital asset platform reported second-quarter adjusted revenue of $92.6 million, up 62% year over year and ahead of the $87.81 million consensus estimate. Adjusted earnings of 9 cents per share came in a cent below expectations.

Other Key Trades

  • Pacific Biosciences of California Inc. (PACB): ARKG and ARKK bought a combined 619,888 shares.
  • Iambic Therapeutics Inc. (IAM): ARKG bought 64,014 shares.
  • Twist Bioscience Corp. (TWST): ARKK bought 26,262 shares.
  • GeneDx Holdings Corp. (WGS): ARKG bought 17,865 shares.
  • Personalis Inc. (PSNL): ARKG sold 341,024 shares.
  • Tempus AI Inc. (TEM): ARKK sold 30,035 shares.
  • CareDx Inc. (CDNA): ARKG sold 21,929 shares.

Benzinga Edge rankings indicate Bullish stock has a Momentum score in the 8th percentile.


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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Mark Reinstein / Shutterstock.com