Key Takeaways
- • Ark Invest bought 65,615 Circle Internet Group shares worth $5.2 million for its Next Generation Internet ETF (ARKW) on Monday, Oct. 27, 2026, while selling $15.9 million of its spot Bitcoin ETF (ARKB) from two of its funds.
- • Circle (CRCL) is the fifth-largest holding in ARKW at a 4.3% weighting, worth roughly $67.8 million, and closed Monday at $79.84 after falling 7.1%.
- • ARKB remains a top-10 allocation, at 3.7% of ARKW (about $58.2 million) and 3.8% of ARK Blockchain and Fintech Innovation ETF (ARKF) (about $29.1 million).
- • Bitcoin traded near $79,625 on Tuesday, 8.7% below its October high of about $87,200, with traders increasingly buying downside protection ahead of the Federal Reserve rate decision.
Summary
Cathie Wood-led Ark Invest bought 65,615 Circle Internet Group shares, valued at $5.2 million, for its Next Generation Internet exchange-traded fund (ARKW) on Monday, according to The Block. The purchase came on the same day the firm sold $15.9 million of its spot Bitcoin ETF, ARK 21Shares Bitcoin ETF (ARKB), from two of its investment funds, as the largest cryptocurrency continued to slide from its early October highs.
Ark's diversification policy caps any single holding at 10% of a fund's portfolio, so the firm is likely to keep rebalancing as the values of individual positions move relative to one another. As of Oct. 27, Circle is the fifth-largest holding in ARKW at a 4.3% weighting, worth about $67.8 million, according to Ark's latest disclosures. Tesla, Meta, Shopify and Amazon make up the remaining top five. Circle shares fell 7.1% on Monday to close at $79.84, leaving the stock down 1.2% year to date, per The Block's CRCL page, and were down a further 1.1% in pre-market trading on Tuesday, per TradingView.
ARKB remains a top-10 allocation within ARKW, at a 3.7% weighting worth about $58.2 million, and within ARK Blockchain and Fintech Innovation ETF (ARKF), at 3.8% or about $29.1 million. According to The Block's ETF Tracker, Ark's spot Bitcoin ETF has generated roughly $1.1 billion in net inflows since its January 2024 launch and manages about $2.5 billion in assets.
Bitcoin was trading near $79,625 on Tuesday morning, below the $80,000 level, ahead of Wednesday's Federal Reserve interest rate decision. The asset has fallen 8.7% from its October high of around $87,200. Joel Kruger, market strategist at LMAX Group, attributed the weakness to escalating Middle East tensions, higher oil prices and uneven institutional demand, and said thin weekend trading and leveraged liquidations amplified the selloff. He argued the decline was driven more by macroeconomic factors than by a fundamental change in the outlook for digital assets. Nick Forster, founder and CEO of crypto options platform Derive, told The Block that traders are increasingly positioning for further downside. The $80,000 strike has become the most actively traded bitcoin options strike on the exchange, with put options making up 91% of roughly $32 million in volume there over the past week.
Ark's diversification policy caps any single holding at 10% of a fund's portfolio, so the firm is likely to keep rebalancing as the values of individual positions move relative to one another. As of Oct. 27, Circle is the fifth-largest holding in ARKW at a 4.3% weighting, worth about $67.8 million, according to Ark's latest disclosures. Tesla, Meta, Shopify and Amazon make up the remaining top five. Circle shares fell 7.1% on Monday to close at $79.84, leaving the stock down 1.2% year to date, per The Block's CRCL page, and were down a further 1.1% in pre-market trading on Tuesday, per TradingView.
ARKB remains a top-10 allocation within ARKW, at a 3.7% weighting worth about $58.2 million, and within ARK Blockchain and Fintech Innovation ETF (ARKF), at 3.8% or about $29.1 million. According to The Block's ETF Tracker, Ark's spot Bitcoin ETF has generated roughly $1.1 billion in net inflows since its January 2024 launch and manages about $2.5 billion in assets.
Bitcoin was trading near $79,625 on Tuesday morning, below the $80,000 level, ahead of Wednesday's Federal Reserve interest rate decision. The asset has fallen 8.7% from its October high of around $87,200. Joel Kruger, market strategist at LMAX Group, attributed the weakness to escalating Middle East tensions, higher oil prices and uneven institutional demand, and said thin weekend trading and leveraged liquidations amplified the selloff. He argued the decline was driven more by macroeconomic factors than by a fundamental change in the outlook for digital assets. Nick Forster, founder and CEO of crypto options platform Derive, told The Block that traders are increasingly positioning for further downside. The $80,000 strike has become the most actively traded bitcoin options strike on the exchange, with put options making up 91% of roughly $32 million in volume there over the past week.
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