Crypto Market Slide Hits ARK ETFs as Coinbase, Roblox Weigh on Returns

A decline in crypto markets during the fourth quarter of 2025 significantly weighed on several of Cathie Wood’s ARK exchange-traded funds (ETFs), demonstrating their sensitivity to digital asset performance. According to ARK’s quarterly report, weakness in crypto-linked equities, particularly Coinbase, was a key drag. Coinbase shares dropped nearly 35% in the quarter, underperforming Bitcoin and Ether, despite showcasing long-term strategic ambitions like on-chain equities and its Layer 2 Base app. Roblox was the second-largest detractor after posting strong Q3 results but warning of declining operating margins in 2026 due to increased spending. Crypto exposure constitutes a notable portion of ARKW (13.7%), ARKF (14.6%), and ARKK (7.4%). Despite this recent downturn, Wall Street analysts, including Bank of America and Goldman Sachs, have recently turned bullish on Coinbase, citing its expanding on-chain role and potential undervaluation.

(Source：Cointelegraph)