Cathie Wood's Ark Invest buys more Coinbase and Robinhood

Equities • March 8, 2023, 4:09AM EST
The Block

Quick Take

  • Ark Invest filled its Coinbase and Robinhood bags yesterday with additions worth $3.44 million and $9.97 million, respectively.

Ark Invest added to its stockpile of shares in exchanges Coinbase and Robinhood yesterday.

According to an emailed trade notification, 47,568 shares in Coinbase were added to the flagship Ark Innovation ETF. In comparison, 8,031 shares were added to the Ark Next Generation Internet ETF — which also saw 1.06 million Robinhood shares purchased.

Coinbase shares closed at $61.89 yesterday, while Robinhood fell to $9.42 — down more than 3%.

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At the current price, Ark's Coinbase purchase yesterday totals roughly $3.44 million. Its Robinhood purchase, meanwhile, totals approximately $9.97 million.


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Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].

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