Bitcoin News Today: Ark Invest Bets on Crypto's Long-Term Resilience Amid Market Downturn

Ark Invest, the high-profile investment firm led by Cathie Wood, has made a significant strategic move, purchasing shares in Coinbase Global (COIN), BitMine Immersion (BMNR), Circle Internet Group (CRCL), and Bullish (BULL) during the week of November 18, 2025, signaling renewed confidence in the crypto and digital asset sector amid a broader market correction. The purchases align with the firm's thesis of long-term growth in blockchain technology and institutional adoption, even as Bitcoin (BTCUSD) has slipped below $90,000, erasing over $1 trillion in market value since late October according to reports.

The firm's latest transactions reflect a broader industry trend of stabilization and innovation. BitMine, for instance, has solidified its position as the largest Ethereum (ETH) treasury holder globally, with holdings reaching 3.6 million tokens. According to the November message, the company's chairman Michael Lee emphasized that crypto cycles historically peak 12–36 months after current conditions, suggesting a structural shift in market dynamics. Meanwhile, Coinbase has launched a revamped initial coin offering (ICO) platform, with Monad's token sale marking its debut, as investors seek alternatives to Bitcoin amid the downturn according to research.

Circle Internet Group, meanwhile, faces mixed signals. Director Patrick Sean Neville sold $2.85 million worth of shares in the stablecoin giant, which has seen its stock drop 21.3% over the past week. Despite this, Circle reported strong third-quarter earnings, with revenue of $740 million and adjusted EBITDA of $166 million, outperforming analyst expectations. According to analyst reports, Baird and Needham have upgraded their ratings, citing robust USDC stablecoin growth and potential regulatory clarity.

The broader crypto market remains volatile, with ETFs and index-linked tokens offering new avenues for capital. Fidelity's Solana Fund (FSOL) and Bitwise's Solana Staking ETF (BSOL) have attracted institutional interest, while 21Shares' FTSE Crypto 10 Index ETF (TTOP) includes altcoins like Doge and Hyperliquid's HYPE. However, single-coin funds face challenges as Bitcoin's dominance wanes; while Binance's BNB and Hyperliquid's token have surged 30% and 60% year-to-date, respectively, Bitcoin and Ethereum remain down 2% and 8% according to market analysis.

Regulatory and geopolitical developments further shape the landscape. Saudi Arabia's Crown Prince Mohammed bin Salman announced a tripling of the kingdom's U.S. investment commitment to $1 trillion, a move that briefly stabilized U.S. stocks amid a four-day losing streak. Separately, Grayscale Investments, a Digital Currency Group subsidiary, filed for an IPO, seeking $100 million in funding amid declining revenues and legal uncertainties tied to its parent company according to reports.

Despite the turbulence, long-term optimism persists. Coinbase's institutional strategy head, John D'Agostino, argued that the downturn is mechanical rather than fundamental, citing sovereign adoption (e.g., the Czech National Bank's Bitcoin purchase) and stablecoin innovation by Citibank and JPMorgan. According to Glassnode data, the data also showed easing distribution pressure from long-term holders, a potential precursor to a rally.