Ark Invest Buys Coinbase And Robinhood Stakes

Ark Invest bought 22,452 Coinbase shares and 158,587 Robinhood shares on March 3 via its ETFs ARKK, ARKW and ARKF, totaling roughly $4.09 million in COIN and over $12 million in HOOD based on that day's closing prices. The purchases come as COIN and HOOD trade about 58% and 52% below recent peaks, signaling a long-term value play.