ARK Invest has increased its investment in Coinbase by acquiring 111,799 shares valued at approximately $18.4 million. This purchase was distributed across its ETFs: ARKK, ARKW, and ARKF. Concurrently, ARK reduced its position in Robinhood, selling 275,572 shares and generating nearly $29 million in proceeds. The transactions reflect ARK's strategic portfolio adjustments as of June 17.
ARK Invest Boosts Coinbase Stake by $18.4M, Cuts Robinhood by $29M
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