The downturn in the cryptocurrency market impacts ARK ETF's performance in Q4 2025, with Coinbase being the biggest drag

According to market news, ARK Investment's quarterly report shows that the decline in the cryptocurrency market has weighed down several of its flagship ETFs. The report points out that cryptocurrency-related stocks, led by Coinbase, have performed poorly, becoming a major factor dragging down the performance of funds such as ARKW, ARKF, and ARKK. During the quarter, Coinbase's stock price fell by more than 35%, a decline greater than that of Bitcoin and Ethereum.

ARK analysis states that although Coinbase has demonstrated its long-term strategic planning, the market environment remains challenging. Additionally, Roblox became another significant drag this quarter, with its stock price pressured by the company's forecast of a decline in operating profit margins in 2026 and being banned in Russia. Currently, the proportion of cryptocurrency investments in ARKW, ARKF, and ARKK is approximately 13.7%, 14.6%, and 7.4%, respectively.