[REVISION HISTORY]

Institutional investors reshape US equity, crypto tilt

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-27 02:15 UTC → 2026-07-27 18:56 UTC · added ~~removed~~

By late June 2026 institutional capital continued moving toward emerging‑tech and crypto‑linked equities while scaling back traditional sectors. ARK Invest expanded its crypto exposure, adding a $5.4 million purchase on June 25 of Coinbase, Circle, Bullish and Robinhood to an earlier $43 million infusion, raising its stake in the four firms to roughly $48.4 million. The total crypto market was under $2.1 trillion, with Bitcoin about 52 % below its peak. Coinbase held 8.6 % of crypto trading volume and saw a 169 % YoY rise in derivatives volume, though revenue slipped 40 % to $756 million. Circle’s USDC circulation grew 28 % to $77 billion and generated $694 million in revenue. Robinhood’s crypto revenue fell 47 % to $134 million, and Bullish reported $51.8 billion in digital‑asset sales. ARK’s July activity added more Circle shares, trimmed Roku and AMD, and opened positions in AI‑driven equities such as SpaceX and Tesla. On July 25 Ark Invest deepened its equity bets, buying roughly $21.3 million of SpaceX stock—about 4.5 % of the ARK Innovation ETF—and adding $50 million of Tesla shares, lifting Tesla to roughly 8‑10 % of the ARKK ETF after a 15 % price dip. The firm sold around 718,000 Figma shares for $14.4 million and reduced ATAI Beckley exposure, using proceeds to acquire biotech and AI‑focused companies including Scribe Therapeutics, Compass Pathways, Kodiak AI, Pony AI, X‑Energy, BitMine and a Solana staking ETF. These moves reflect a broader rebalancing toward high‑growth, AI‑related sectors. On July 25 Circle Internet Group received OCC approval to launch the first national digital‑currency trust bank, a regulatory milestone meant to deepen its U.S. banking and custody capabilities. Circle’s shares jumped more than 16 % intraday before settling in the low‑$60s, reflecting volatility amid competition from a newly launched stablecoin backed by roughly 140 financial institutions. USDC remains the second‑largest stablecoin, with circulating supply now about $73.7 billion.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.