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Cathie Wood Doubles Down On Bitcoin ETF Amid Crypto Chaos, Drops $3.9M On This Amazon Rival

Benzinga•December 02, 2025 at 1:53 AM•Full Content

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Shopify Inc.

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Gist

Cathie Wood's Ark Invest doubles down on Bitcoin ETF and makes major buys in Robinhood and Shopify amid crypto volatility and market downturns.

LLM Summary

Ark Invest executed significant trades, purchasing $2M in ARKB (Bitcoin ETF), $1.08M in Robinhood, and $3.9M in Shopify, reflecting confidence in crypto and tech growth despite recent market turbulence. The moves follow Bitcoin's drop to $87K and ongoing volatility in crypto-linked stocks. Other trades included CRISPR and WeRide buys, and Symbotic/Iridium sales.

Full Article Content

On Monday, Cathie Wood‘s Ark Invest executed significant trades, including notable purchases of ARK 21Shares Bitcoin ETF (BATS: ARKB), Robinhood Markets Inc. (NASDAQ: HOOD), and Shopify Inc. (NASDAQ: SHOP). These trades come amid a volatile market backdrop, particularly influenced by recent cryptocurrency fluctuations.

The ARK 21Shares Bitcoin Trade

ARK Blockchain & Fintech Innovation ETF (BATS: ARKF) and ARK Next Generation Internet ETF (BATS: ARKW) acquired a combined total of 71,500 shares of ARK 21Shares Bitcoin ETF. The ETF’s closing price on Monday was $28.39, translating to a total investment of approximately $2 million.

This move aligns with the broader market dynamics where major cryptocurrencies, including Bitcoin (CRYPTO: BTC), experienced a downturn. Bitcoin’s recent decline to $87,000 from a weekend high of $91,000 has impacted related assets.

Late last month, Ark purchased $1.08 million worth of ARKB shares as Bitcoin and other major cryptocurrencies faced increased volatility.

The Robinhood Trade

ARKW ETF purchased 8,776 shares of Robinhood Markets Inc., valued at $123.24 per share, totaling around $1.08 million.

Robinhood’s stock has been under pressure due to Bitcoin’s slide, as highlighted in a recent report. The brokerage firm, known for its crypto-sensitive nature, saw its shares decline amid the broader cryptocurrency market’s downturn.

The Shopify Trade

ARK Innovation ETF (BATS: ARKK) added 26,420 shares of Shopify at a closing price of $149.28, amounting to an investment of approximately $3.9 million.

Shopify continues to impress with its growth trajectory, as noted in a recent analysis. The company is capitalizing on its expanding global reach and AI-driven commerce capabilities. Shopify's third-quarter results beat expectations on strong global demand, record transaction volumes, and growing payment adoption through partners like PayPal and Klarna. Analysts responded positively, with DA Davidson and Benchmark maintaining Buy ratings and raising targets to $195, while Scotiabank lifted its target to $165 with a Sector Perform rating.

Other Key Trades

- CRISPR Therapeutics AG (CRSP) – ARKG and ARKK ETFs bought a total of 19,180 shares.

- Symbotic Inc. (SYM) – ARKQ ETF sold 73,157 shares.

- WeRide Inc (WRD) – ARKQ ETF purchased 417,057 shares.

- Iridium Communications Inc. (IRDM) – Multiple ETFs sold a total of 50,310 shares.

On Monday, **Cathie Wood**‘s **Ark Invest** executed significant trades, including notable purchases of **ARK 21Shares Bitcoin ETF** (BATS: ARKB), **Robinhood Markets Inc**. (NASDAQ: HOOD), and **Shopify Inc**. (NASDAQ: SHOP). These trades come amid a volatile market backdrop, particularly influenced by recent cryptocurrency fluctuations.

## The **ARK 21Shares Bitcoin** Trade

**ARK Blockchain & Fintech Innovation ETF** (BATS: ARKF) and ARK Next Generation Internet ETF (BATS: ARKW) acquired a combined total of 71,500 shares of **ARK 21Shares Bitcoin ETF**. The ETF’s closing price on Monday was $28.39, translating to a total investment of approximately $2 million.

This move aligns with the broader market dynamics where major cryptocurrencies, including **Bitcoin** (CRYPTO: BTC), experienced a downturn. Bitcoin’s recent decline to $87,000 from a weekend high of $91,000 has impacted related assets.

Late last month, Ark purchased $1.08 million worth of ARKB shares as Bitcoin and other major cryptocurrencies faced increased volatility.

## The Robinhood Trade

**ARKW** ETF purchased 8,776 shares of **Robinhood Markets Inc.**, valued at $123.24 per share, totaling around $1.08 million.

## The Shopify Trade

**ARK Innovation ETF** (BATS: ARKK) added 26,420 shares of **Shopify** at a closing price of $149.28, amounting to an investment of approximately $3.9 million.

Shopify continues to impress with its growth trajectory, as noted in a recent analysis. The company is capitalizing on its expanding global reach and AI-driven commerce capabilities. Shopify's third-quarter results beat expectations on strong global demand, record transaction volumes, and growing payment adoption through partners like PayPal and Klarna. Analysts responded positively, with **DA Davidson** and **Benchmark** maintaining Buy ratings and raising targets to $195, while **Scotiabank** lifted its target to $165 with a Sector Perform rating.

## Other Key Trades

- **CRISPR Therapeutics AG** (CRSP) – ARKG and ARKK ETFs bought a total of 19,180 shares.
- **Symbotic Inc.** (SYM) – ARKQ ETF sold 73,157 shares.
- **WeRide Inc** (WRD) – ARKQ ETF purchased 417,057 shares.
- **Iridium Communications Inc**. (IRDM) – Multiple ETFs sold a total of 50,310 shares.

<p>On Monday, <strong>Cathie Wood</strong>&#8216;s <strong>Ark Invest</strong> executed significant trades, including notable purchases of <strong>ARK 21Shares Bitcoin ETF</strong> <a class="ticker-link" data-ticker="ARKB" data-exchange="BATS" href="https://www.benzinga.com/quote/ARKB" target="_blank" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKB">ARKB</a>)</a>, <strong>Robinhood Markets Inc</strong>. <a class="ticker-link" data-ticker="HOOD" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/HOOD" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a>)</a>, and <strong>Shopify Inc</strong>. <a class="ticker-link" data-ticker="SHOP" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/SHOP" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SHOP">SHOP</a>)</a>. These trades come amid a volatile market backdrop, particularly influenced by recent cryptocurrency fluctuations.</p>



<h2 class="wp-block-heading">The <strong>ARK 21Shares Bitcoin</strong> Trade</h2>



<p><strong>ARK Blockchain &amp; Fintech Innovation ETF </strong><a href="https://www.benzinga.com/quote/ARKF" target="_blank" class="ticker-link" data-ticker="ARKF" data-exchange="BATS" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKF">ARKF</a>)</a> and ARK Next Generation Internet ETF <a href="https://www.benzinga.com/quote/ARKW" target="_blank" class="ticker-link" data-ticker="ARKW" data-exchange="BATS" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKW">ARKW</a>)</a> acquired a combined total of 71,500 shares of <strong>ARK 21Shares Bitcoin ETF</strong>. The ETF&#8217;s closing price on Monday was $28.39, translating to a total investment of approximately $2 million. </p>



<p>This move aligns with the broader market dynamics where major cryptocurrencies, including <strong>Bitcoin</strong> <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a>, experienced a downturn. <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/49128182/bitcoin-ethereum-xrp-dogecoin-sink-after-quiet-weekend-analyst-anticipates-btc-to-reach-100000-in-december">Bitcoin&#8217;s recent decline</a> to $87,000 from a weekend high of $91,000 has impacted related assets.</p>



<p>Late last month, Ark <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/11/49048532/cathie-wood-drops-32-million-on-coreweave-stock-buys-bitcoin-dip-via-arkb-ark-invest-also-picks-shares-of-this-george-soros-backed-company">purchased $1.08 million worth of ARKB shares </a>as Bitcoin and other major cryptocurrencies faced increased volatility. </p>



<h2 class="wp-block-heading">The Robinhood Trade</h2>



<p><strong>ARKW</strong> ETF purchased 8,776 shares of <strong>Robinhood Markets Inc.</strong>, valued at $123.24 per share, totaling around $1.08 million.</p>



<p> Robinhood&#8217;s stock has been under pressure due to Bitcoin&#8217;s slide, as highlighted in a <a href="https://www.benzinga.com/trading-ideas/movers/25/12/49147403/robinhood-stock-is-sliding-today-heres-why-bitcoins-drop-matters-for-investors">recent report</a>. The brokerage firm, known for its crypto-sensitive nature, saw its shares decline amid the broader cryptocurrency market&#8217;s downturn.</p>



<h2 class="wp-block-heading">The Shopify Trade</h2>



<p><strong>ARK Innovation ETF</strong> <a href="https://www.benzinga.com/quote/ARKK" target="_blank" class="ticker-link" data-ticker="ARKK" data-exchange="BATS" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKK">ARKK</a>)</a> added 26,420 shares of <strong>Shopify</strong> at a closing price of $149.28, amounting to an investment of approximately $3.9 million. </p>



<p>Shopify continues to impress with its growth trajectory, as noted in a <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/11/48660319/shopifys-standout-growth-and-major-untapped-ad-opportunity-impress-wall-street">recent analysis</a>. The company is capitalizing on its expanding global reach and AI-driven commerce capabilities. Shopify's third-quarter results beat expectations on strong global demand, record transaction volumes, and growing payment adoption through partners like PayPal and Klarna. Analysts responded positively, with <strong>DA Davidson</strong> and <strong>Benchmark</strong> maintaining Buy ratings and raising targets to $195, while <strong>Scotiabank</strong> lifted its target to $165 with a Sector Perform rating.</p>



<h2 class="wp-block-heading">Other Key Trades</h2>



<ul class="wp-block-list">
<li><strong>CRISPR Therapeutics AG</strong> (CRSP) &#8211; ARKG and ARKK ETFs bought a total of 19,180 shares.</li>



<li><strong>Symbotic Inc.</strong> (SYM) &#8211; ARKQ ETF sold 73,157 shares.</li>



<li><strong>WeRide Inc</strong> (WRD) &#8211; ARKQ ETF purchased 417,057 shares.</li>



<li><strong>Iridium Communications Inc</strong>. (IRDM) &#8211; Multiple ETFs sold a total of 50,310 shares.</li>
</ul>



<p><strong>Benzinga Edge Stock Rankings</strong> indicate Robinhood stock has a Value in the 6th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how it ranks</a> against other cryptocurrency-related stocks like Coinbase.</p>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="443" height="316" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/01203836/Screenshot-2025-12-02-at-10.38.23.png" alt="" class="wp-image-1191857" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/01203836/Screenshot-2025-12-02-at-10.38.23.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/01203836/Screenshot-2025-12-02-at-10.38.23-300x214.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>



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<p><em>Photo: ChrisStock82/Shutterstock</em></p>



<p>This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <u><a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a></u></p>

Metadata

Author:

Shivdeep Dhaliwal

Image URL:

https://cdn.benzinga.com/files/imagecache/250x187xUP/images/story/2025/12/01/Germany--Mannheim-January-29--2025--Sign.jpeg

Tickers:

$BTC, ARKB, ARKF, ARKK, ARKW, HOOD, SHOP

Updated At:

December 01, 2025 at 9:53 PM

Benzinga Channels:

Cryptocurrency, Equities, News, Markets, ETFs

Benzinga Tags:

ARK Invest, ARK Invest ETFs, Bitcoin, Cathie Wood, Crypto Crash

Teaser:

On Monday, Cathie Wood‘s Ark Invest executed significant trades, including notable purchases of ARK 21Shares Bitcoin ETF (BATS:ARKB),

Benzinga Stocks:

$BTC, ARKB (BATS), ARKF (BATS), ARKK (XLON), ARKW (BATS), HOOD (NASDAQ), SHOP (NASDAQ)

Benzinga Article ID:

49151847