Originally published by The Block on November 6, 2026, at 11:55:27 a.m. UTC+8. This is a historical market snapshot.
Ark’s purchases and sales
Cathie Wood-led Ark Invest bought 17,806 Coinbase shares worth $2.44 million through its Ark Innovation ETF on Thursday, November 5, as Coinbase fell 9.69% to close at $136.82.
According to the trading disclosure cited by The Block, Ark also reduced two other crypto-linked holdings through its ETFs:
- Bullish: sold 109,522 shares worth $2.27 million. The stock fell 10.46% that day.
- Bitmine: sold 119,841 shares worth $2.28 million. The stock declined 12.56%.
The transactions show selective changes in Ark’s holdings during the sell-off, rather than uniform buying across these crypto-linked stocks.
A broader equity-market decline
The purchases and sales coincided with a sharp decline in U.S. technology stocks that, according to the report, erased post-election gains. The Nasdaq Composite closed down 5.52%, its worst day since April 2025, according to CNN. The S&P 500 lost 4.36%, while the Dow Jones Industrial Average fell 3.44%.
The Block reported that Democrats’ midterm election victory had sparked concerns about a potential slowdown in AI development. Among the equities discussed in that context:
- Nvidia fell 9.26%, wiping out its gains for the year.
- AMD dropped 17.26%, though it remained up 81% year-to-date.
- SpaceX declined 9%.
Ark’s disclosure also showed purchases of 252,592 Nvidia shares worth $45.9 million, 48,984 AMD shares worth $19.8 million, and 393,774 SpaceX shares worth $48.7 million.
Crypto prices and Asian markets also weakened
At 11:20 p.m. ET on Thursday, bitcoin traded at $75,908, down 5.8% over the preceding 24 hours, after reaching a local low around $75,350 earlier in the day. Ethereum fell 8.2% to $2,234, according to The Block’s crypto price page.
Weakness extended into Asian equity markets on Friday, November 6. South Korea’s Kospi was down 3.6% around noon, following an earlier decline of nearly 9% that triggered a brief trading halt. Japan’s Nikkei 225 fell 5.3% during the morning session.
These readings document concurrent weakness across crypto prices and several equity markets. Ark’s disclosed trades describe its portfolio activity during that window; they do not establish a market bottom or predict subsequent returns.