Huoxun Finance reported on February 18th that, according to The Block, CathieWood's ArkInvest purchased 41,453 shares of Coinbase stock on Tuesday through three ETFs, worth approximately $6.9 million. ARKK bought 29,689 shares ($4.9 million), ARKW bought 7,525 shares ($1.2 million), and ARKF bought 4,239 shares ($704,000). This increase reversed a reduction earlier this month. As of February 18th, Coinbase was ARKK's seventh largest holding, accounting for 4% (approximately $251.5 million); ARKW's seventh largest holding, accounting for 3.7% (approximately $57.4 million); and ARKF's third largest holding, accounting for 5.6% (approximately $44.6 million).

According to a report by CoinDesk citing the Financial Times, Brevan Howard's BHDigital fund, which focuses on investments in crypto tokens and digital assets, fell 29.5% in 2025, marking its worst annual performance since its inception in 2021, while Bitcoin fell 6% during the same period. The fund recorded gains of 43% and 52% in 2023 and 2024 respectively, benefiting from the recovery of the crypto market from its 2022 lows and Bitcoin's breakthrough of $100,000 in December 2024. A hedge fund investor stated that the fund includes a large number of private equity and venture capital vehicles, which generally underperformed the crypto market last year. Brevan Howard did not immediately respond to requests for comment.

According to The Block, Bitwise Chief Investment Officer Matt Hougan stated on February 18th that decentralized finance (DeFi) is poised to lead the crypto market out of the current bear market. He pointed out that major DeFi protocols have shown substantial progress: UniswapDEX trading volume frequently surpasses centralized exchange Coinbase, and DeFi lending platform Aave generates over $100 million in annual revenue. Hougan believes the next bull market will focus on fundamentals, and DeFi fits this trend. Hougan specifically mentioned AaveLabs' recent governance proposal, which proposes transferring all Aave-branded product revenue to the DAO treasury while adjusting incentive mechanisms between developers and the community. He believes this shift will help address the long-standing misalignment between protocol success and token value, and if Aave can achieve this, other DeFi assets can follow suit. He also pointed to signs of institutional involvement, such as BlackRock's investment in Uniswap and Apollo's investment in Aave competitor Morpho. Furthermore, Strategy co-founder and executive chairman Michael Saylor stated in an interview with Fox Business that the current crypto market is indeed in a bear market, but it is "much milder than previous cycles" and "will last for a shorter period." He stated that the banking sector's support for Bitcoin is stronger than it was four years ago, with continuous capital inflows and ongoing technological advancements, and posted on the X platform that "spring is coming, Bitcoin is winning."

Huoxun Finance News, February 18th - According to The CryptoBasic, the U.S. Securities and Exchange Commission (SEC) will decide on or before February 26th whether to approve, reject, or delay the T. Rowe Price Active Crypto ETF. The fund's application explicitly lists XRP as one of 5 to 15 eligible crypto assets. If approved, it would provide institutions managing $1.8 trillion in assets with a pathway to allocate XRP through a regulated structure. T. Rowe Price first filed its cryptocurrency fund prospectus last October, followed by a 19b-4 listing application filed with the NYSE Arca, published in the Federal Register on November 28th. The SEC set an extended review period last month, with a final decision deadline of February 26th.

Odaily Planet Daily reports that Ark Invest purchased 41,453 Coinbase shares on Tuesday through three of its exchange-traded funds (ETFs), worth approximately $69,000. Specifically, the purchases were as follows: Innovation ETF (ARKK) purchased 29,689 shares, worth $4.9 million; Next Generation Internet ETF (ARKW) purchased 7,525 shares, worth $1.2 million; and ARK Fintech Innovation ETF (ARKF) purchased 4,239 shares, worth $704,000. This move reverses the institution's earlier-month reduction in Coinbase holdings. Currently, Coinbase shares account for 4%, 3.7%, and 5.6% of the holdings in the ARKK, ARKW, and ARKF funds, respectively.