Ark Invest Scoops Up More Coinbase, Block, and Robinhood Stock

Ark Invest bought a total of 10,880 shares of Coinbase (COIN) for its Fintech Innovation Fund (ARKF) on Monday, according to the firm’s daily trade information newsletter. While the $722,000 value of the purchase is quite modest, it brought ARKF’s holdings of Coinbase shares up to $61.2 million, or more than 8% of the fund’s weight, making COIN the third-largest asset in the portfolio behind Shopify and Block only.

Ark Invest’s data also shows the firm bought more shares in two more Bitcoin-adjacent public companies on Monday, Block (SQ) and Robinhood (HOOD). The purchases spread across ARKK and ARKW, included 8,154 shares in Block worth approximately $465,000 and 21,794 shares in Robinhood valued at about $222,500.