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Cathie Wood's flagship fund added exposure to four crypto-adjacent equities in a single session, with Coinbase and Circle taking the bulk of the buy.
The trades land a day after Coinbase launched tokenized U.S. equities and rolled out an AI advisor — moves Benchmark calls a step from crypto venue to broader onchain financial infrastructure.
Ark rotated out of Robinhood and into USDC issuer Circle the same week Circle's stock slid more than 20% from its post-IPO peak, a classic Wood-style buy-the-dip on a name she has called out as…
The allocation favors stablecoin exposure despite Mizuho’s Underperform rating on Circle, while reducing Ark’s position in Robinhood.
Cathie Wood's Ark added to its CRCL position on a single session that saw the stock slide another 1%, with the broader selloff tied to the launch of a competing stablecoin.
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