Lates News

After a market rebound following a price drop on Monday, Ark Invest purchased approximately 28,315 shares of Coinbase (COIN) stock worth about $7.5 million for its Ark Innovation ETF (ARKK) on Tuesday. They also purchased around 42,434 shares of Bullish stock worth about $1.8 million for their ARKK fund, which rose 5% on the same day. In addition, the investment firm bought 1,951 shares of Robinhood stock (approximately $245,000) for its Ark Next Generation Internet ETF (ARKW). This increase in holdings occurred one week after their last purchase of Coinbase stock on November 26, when Ark Invest bought a total of $16.5 million worth of Coinbase stock across their three ETFs. This shows that the investment firm led by Cathie Wood continues to adjust fund holdings during market fluctuations. As of December 3, according to company disclosure, COIN is the second-largest holding in the ARKK fund, representing 5.6% of the portfolio value at approximately $4.096 billion, second only to Tesla stock with holdings worth $9.002 billion.