Bitcoin News Today: ARK Invest Buys Crypto's Downturn as ETFs Bleed $3.8B in November Outflows

ARK Invest Bolsters Crypto Exposure Amid Market Volatility

Cathie Wood's ARK Invest has aggressively increased its stake in crypto-related equities, purchasing $39.6 million in Bullish (BLSH), Circle Internet Group (CRCL), and BitMine Immersion Technologies (BMNR) on November 20, 2025, as the broader cryptocurrency market continued to slump [according to reports]. The firm added 463,598 Bullish shares valued at $16.9 million, 216,019 Circle shares for $15.1 million, and 260,651 BitMine shares at $7.6 million, [according to its daily trade disclosures]. This move follows a $10.2 million purchase of Bullish shares on November 19, made during a sharp sell-off that saw the stock [hit an all-time low].

ARK's strategy of "buying the dip" has become a recurring theme as crypto-linked stocks face pressure. The firm has also expanded its holdings in Coinbase (COIN) and Robinhood (HOOD), adding $10.1 million in Coinbase shares on November 21 and $16.2 million in Robinhood shares over three consecutive days earlier in August [according to reports]. The ARK Innovation ETF (ARKK) now holds over 1.16 million Bullish shares, valued at approximately $73.85 million [according to disclosures].

ARK Invest's latest moves suggest a growing conviction in the long-term value of crypto infrastructure. The purchases come amid a broader crypto market downturn, with Bitcoin (BTC) falling nearly 30% from its October peak and U.S. spot Bitcoin ETFs recording record outflows. BlackRock's iShares Bitcoin Trust (IBIT) alone saw $523 million in redemptions on November 19—the largest single-day outflow since its January 2024 launch [according to data]. Total ETF outflows for November have surpassed $3.79 billion, putting the month on track to become the worst since 2022 [according to analysis].

Market analysts point to several factors driving the selloff, including bearish technical signals, fading hopes for Federal Reserve rate cuts, and aggressive hedging by institutional traders. Bitcoin's fourth "death cross" in 2025—a technical indicator where short-term momentum falls below long-term trends—has amplified pessimism [according to technical analysis]. Meanwhile, "smart money" traders have added $5.7 million in short positions over 24 hours, signaling a bearish outlook [according to traders].

Despite the turmoil, ARK Invest remains bullish on long-term crypto prospects. The firm's recent purchases suggest confidence in the resilience of crypto infrastructure firms, even as broader market sentiment wavers. Bullish, which owns CoinDesk, reported a net income of $108.3 million in Q3 2025, a stark turnaround from a $116.4 million loss a year earlier [according to financial data]. Circle, another ARK target, saw its stock drop nearly 26% over five trading days despite securing regulatory approvals for U.S. spot trading [according to market data].

The contrasting strategies of ARK Invest and major ETF providers highlight diverging views on the crypto market's trajectory. While ARK bets on undervalued equities, BlackRock and others face outflows as investors rotate to alternative assets. Solana (SOL) and XRP ETFs have attracted $300.46 million and $410 million in inflows, respectively, as investors seek exposure to smaller-cap cryptocurrencies [according to market reports].

ARK's actions underscore its role as a contrarian investor in the crypto space, leveraging volatility to accumulate shares at perceived discounts. However, the firm's success will depend on whether the broader market stabilizes or enters a prolonged downturn.