The crypto market downturn is impacting the ARK ETF's performance in Q4 2025, with Coinbase being the biggest drag.

PANews reported on January 15 that, according to Cointelegraph, ARK Investments' quarterly report showed that the decline in the cryptocurrency market in the fourth quarter of 2025 dragged down several of its flagship ETFs.

The report points out that the weak performance of crypto-related stocks, led by Coinbase, was a major factor dragging down the performance of several funds, including ARKW, ARKF, and ARKK. Coinbase's stock price fell by more than 35% this quarter, a larger drop than Bitcoin and Ethereum. ARK analysts stated that despite Coinbase demonstrating its long-term strategic plan, the market environment remains challenging. Furthermore, Roblox was another major drag this quarter, with its stock price pressured by the company's forecast of a decline in operating profit margin in 2026 and its ban in Russia. Currently, cryptocurrency investments account for approximately 13.7%, 14.6%, and 7.4% of ARKW, ARKF, and ARKK, respectively.