Cathie Wood has once again expanded her footprint in the crypto market. Through three of its flagship exchange-traded funds, ARK Invest recently poured $251,500 into shares of BitMine Immersion Technologies (BMNR) and the 3iQ Solana Staking ETF (SOLQ.U).
This move underscores a continuing investment pattern - rather than buying digital coins directly on crypto exchanges, ARK prefers leveraging public equities and ETF products. BitMine Immersion Technologies currently positions itself as an Ethereum treasury accumulator. Meanwhile, holding the 3iQ product provides ARK with exposure to the Solana network through an ETF structure that includes staking yields, avoiding direct spot purchases of SOL tokens.
Distribution Breakdown Across Three Funds
The crypto-related purchases were distributed across three ETFs managed by ARK. The firm’s flagship vehicle, the ARK Innovation ETF (ARKK), purchased 5,264 shares of BitMine. Executed around the closing price of $15.79 per share, the transaction totaled approximately $83,100, representing 0.0014% of ARKK’s total portfolio weighting.
To gain exposure to the Solana ecosystem, ARK split its allocation across two other specific funds. The ARK Next Generation Internet ETF (ARKW) scooped up 16,917 shares of the 3iQ Solana Staking ETF worth $101,700. Concurrently, the ARK Fintech Innovation ETF (ARKF) also took a position, acquiring 11,101 shares of the 3iQ Solana ETF valued at $66,700.
Capitalizing on the US Equities Sell-Off
These crypto-linked moves were part of a much broader series of investment decisions. The purchases of BitMine and 3iQ followed ARK’s regular daily trading activity on Thursday, timed alongside a wave of consecutive sell-offs pressuring US equity markets.
Capitalizing on declining equity prices, ARK deployed nearly $60 million to buy shares across automaker Tesla, Circle Internet Group, and asset tokenization platform Securitize. Tesla accounted for the largest share of this deployment, receiving over $51 million. This maneuver followed earlier activity in the week when the firm injected an additional $14 million into SpaceX shares. On the same day as its crypto-related trades, ARK also diversified further by buying shares of Pony AI, Kodiak AI, Scribe Therapeutics, and Compass Pathways.
The daily trading breakdown reinforces ARK’s operating playbook: when seeking broader exposure to digital assets, the asset manager continues to rely on publicly traded equities and ETF vehicles rather than taking on the direct custody risks of holding raw cryptocurrencies. Reported by crypto.news.
Also read: How to Read Candlestick Charts for Beginners
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
