Ark Invest "Bought the Dip" Yesterday, Increasing Holdings in Coinbase and Robinhood Stocks
2026-03-04 03:31
Odaily News: Ark Invest, led by Cathie Wood, "bought the dip" on Tuesday, purchasing 22,452 shares of Coinbase stock through its ETFs, valued at approximately $4.09 million; simultaneously, it bought 158,587 shares of Robinhood stock, valued at around $12.06 million. This buying activity occurred as the US-Iran conflict continues to intensify global market volatility. Coinbase closed down 1.55% on Tuesday, while Robinhood fell 3.44%. Ark has been continuously adjusting its exposure to crypto-related stocks in early 2026, repeatedly increasing its holdings in Coinbase and Robinhood during price declines. (The Block)
