Ark Invest Increases Holdings in Coinbase and Robinhood Stocks

Techub News reported, according to The Block, Cathie Wood's Ark Invest purchased 22,452 shares of Coinbase stock through its ETF on Tuesday, valued at approximately $4.09 million; simultaneously, it bought 158,587 shares of Robinhood stock, valued at approximately $12.06 million. This increase in holdings occurred against the backdrop of heightened global market volatility due to the US-Iran conflict. On that day, Coinbase closed down 1.55%, while Robinhood fell 3.44%.