“Investing in the Future: Exploring the Intersection of Meta and Web 3.0”

Cathie Wood’s ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle, and Bullish as prices slid across the sector. This move aligns with ARK’s focus on investing in the emerging technologies of the web 3.0 digital identity and the metaverse.

On Friday, according to ARK’s daily trade disclosures, the ARK Innovation ETF (ARKK) acquired 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) added 3,325 shares, totaling $9.4 million worth of the exchange shares. This investment in Coinbase, a leading platform in the new internet web 3.0, comes as the crypto market experiences a downturn with Coinbase shares closing down 2.77% at $216.95.

ARK also invested in Circle Internet Group, acquiring a combined 129,446 shares across ARKK and ARKF, worth approximately $9.2 million. Additionally, ARK added 88,533 shares of Bullish, an investment of about $3.2 million, as the firm continues to invest in the internet of things web 3.0. Circle shares saw little change, slipping only 0.03%, while Bullish shares declined 2% during the session, closing at $35.75.

As ARK focuses on investing in the cutting-edge technologies of the metaverse and web 3.0, the firm made some adjustments to its portfolio, including selling 12,400 shares of Meta Platforms, valued at approximately $8.03 million.

ARK ETFs Suffer from Crypto Market Downturn

The recent pullback in the cryptocurrency market had a major impact on several of Cathie Wood’s ARK ETFs. In their quarterly report, ARK stated that crypto-related equities were a significant factor in the weakness of their flagship products.

Coinbase, the largest cryptocurrency exchange, was the primary detractor during the quarter, causing a decline in performance for ARK’s Next Generation Internet ETF (ARKW), ARKF, and ARKK. According to ARK, Coinbase’s shares fell more sharply than Bitcoin (BTC) and Ether (ETH), as spot trading volumes on centralized exchanges decreased by 9% following a liquidation event in October.

Despite posting strong third-quarter bookings growth, Roblox was also a major drag on ARK ETFs. The company’s shares fell after warning of decreasing operating margins in 2026 and facing additional pressure due to Russia’s ban of the platform.

ARK Invest predicts the crypto market will reach $28 trillion by 2030

ARK’s ongoing interest in the crypto market is fueled by their belief that the digital asset industry could expand to $28 trillion by 2030, driven primarily by the increasing adoption and appreciation of Bitcoin. In their Big Ideas 2026 report, ARK forecasted a 61% compound annual growth rate for the crypto market, with Bitcoin accounting for approximately 70% of the total market value.

According to ARK, if 20.5 million Bitcoin are mined by 2030, this projection suggests a Bitcoin price range of $950,000 to $1 million. The firm highlighted the growing involvement of institutional investors, noting that Bitcoin ETFs and corporate holders are increasing their share of the total supply by 2025.