Cathie Wood's ARK Invest buys Coinbase, Circle as CLARITY Act looms

On August 3, ARK Invest, led by Cathie Wood, increased its exposure to crypto‑related equities by purchasing additional shares of Coinbase Global and Circle Internet Group through its ARK Innovation, Next Generation Internet, and Fintech Innovation ETFs. The combined purchases amounted to roughly $9.4 million, with about 54,776 Coinbase shares and 23,070 Circle shares acquired.

In parallel, Wood expressed confidence that the U.S. dollar could strengthen, pointing to a rise in foreign holdings of U.S. Treasury securities. She argued that continued foreign investment may help improve the debt‑to‑GDP ratio and support a firmer dollar, which could in turn exert downward pressure on gold prices. These comments came as the U.S. Senate prepared to consider the CLARITY Act, a cryptocurrency‑focused bill, with a cloture vote expected before the August recess.