ARK Invest Buys $13.4M in Coinbase and Robinhood Shares
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ARK Invest's Ark Innovation ETF (ARKF) has replenished its portfolio with shares of crypto exchange Coinbase, and the ARK Next Generation Internet ETF (ARKW) has purchased additional securities from broker Robinhood, The Block has reported.

According to the trade advisory, ARKF has purchased 47,568 units of the asset, while ARKW has also bought 8,031 shares of the platform in addition to 1.06 million shares of Robinhood.

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Coinbase shares closed the trading session at $61.89 last March 7, whereas Robinhood shares fell to $9.42, a drop of more than 3%.

According to this data, the fund has spent a total of $3.44 million on Coinbase and $9.97 million on Robinhood.

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The firm bought securities on the platform back in October last year for the first time since June. In November, ARK Invest structures spent another $21.4 million for these purposes, in December - $3 million and $5 million.

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