Ark Invest Increased Holdings of Coinbase, Bullish, and Robinhood Stocks This Tuesday

BlockBeats News, December 3rd: Against the backdrop of a market rebound following a price drop earlier this week, Ark Invest purchased 28,315 shares of Coinbase (COIN) for its Ark Innovation ETF (ARKK) on Tuesday, worth approximately $7.5 million. It also purchased 42,434 shares of Bullish stock for its ARKK fund, worth around $1.8 million, which rose 5% on the same day. Additionally, the investment firm bought 1,951 shares of Robinhood stock (about $245,000) for its Ark Next Generation Internet ETF (ARKW).

This increase occurred a week after their last purchase of Coinbase stock on November 26th, when Ark Invest collectively bought $16.5 million worth of Coinbase stock across its three ETFs, demonstrating that Cathie Wood’s leading investment firm continues to adjust its fund holdings during market fluctuations.

According to company disclosures, as of December 3rd, COIN is the second-largest holding in the ARKK fund, accounting for 5.6% and valued at approximately $409.6 million, second only to Tesla stock with a holding of $900.2 million.