Ark Invest Scoops Up More Coinbase, Block, and Robinhood Stock

Ark Invest bought a total of 10,880 shares of Coinbase (COIN) for its Fintech Innovation Fund (ARKF) on Monday, according to the firm’s daily trade information newsletter. While the $722,000 value of the purchase is quite modest, it brought ARKF’s holdings of Coinbase shares up to $61.2 million, or more than 8% of the fund’s weight, making COIN the third-largest asset in the portfolio behind Shopify and Block only.

Ark Invest’s data also shows the firm bought more shares in two more Bitcoin-adjacent public companies on Monday, Block (SQ) and Robinhood (HOOD). The purchases spread across ARKK and ARKW, included 8,154 shares in Block worth approximately $465,000 and 21,794 shares in Robinhood valued at about $222,500.

Source

Coinbase

Traditional Industry

Related News
COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index
Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
Coinbase's fiat-to-crypto onramp integrates Apple Pay Coinbase's fiat-to-crypto onramp integrates Apple Pay
Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders
Coinbase shares drop 15% after weaker-than-expected earnings report Coinbase shares drop 15% after weaker-than-expected earnings report
Latest News More More
13 Hours Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
13 Hours Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
3 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open