Ark Invest Snaps Up Coinbase and Robinhood Amid Market Slide

The firm purchased 22,452 shares of Coinbase through the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.

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Ark Invest added shares of Coinbase and Robinhood Markets across three of its exchange-traded funds on Tuesday as equity markets retreated, driven by investor concerns over escalating geopolitical tensions.

The firm purchased 22,452 shares of Coinbase through the ARK Innovation

ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Based on Coinbase's closing price of $182.36, the combined transaction was valued at roughly $4.1 million.

Ark also picked up 158,587 shares of Robinhood through the same funds. With Robinhood closing at $76.07, that purchase totaled approximately $12 million. Both stocks fell during the session, with Coinbase down 1.55% and Robinhood off 3.44%, according to Yahoo Finance, as geopolitical conditions pressured broader markets.

The buys were part of broader portfolio activity. Ark's filings show the firm also added positions in Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech and Eli Lilly, while trimming holdings in Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, PagerDuty and several healthcare stocks.