Ark Invest Boosts BitMine Holdings Amid Downturn in US Crypto Stocks

During a broader downturn in the US stock crypto complex, Ark Invest reported fresh ETF activity on Wednesday, signaling a tactical reallocation within crypto-related equities as investors reassess risk in the near term.

According to trading disclosures, Ark Invest added positions across three names: BitMine (BMNR) with $10.56 million, Coinbase with $5.90 million, and Bullish with $8.85 million, executed via its ETF lineup.

BitMine shares slid 6.59% on the session to $29.32, leaving the stock roughly 24% lower versus the prior five trading days, underscoring ongoing volatility in crypto stocks even as funds tilt toward defensively positioned holdings.

Going forward, observers will watch ETF-driven flows for indicators of appetite in crypto-linked assets, while monitoring liquidity, regulatory updates, and portfolio impact on risk-adjusted returns.