Posted 11/30/2023, 9:26:00 AM
ARK Invest Sells More Coinbase While Doubling Down on Robinhood and SoFi Despite Crypto Exits
- ARK Invest sold another $5M of Coinbase shares from its Ark Fintech Innovation ETF
- The sale comes after ARK sold nearly $6M of Coinbase shares earlier this week
- ARK bought $2M in Robinhood shares, its 7th Robinhood purchase this month totalling over $13.5M
- ARK bought $1.5M in SoFi shares, although SoFi announced it's exiting the crypto business
- The transactions coincide with Robinhood expanding into the UK and Coinbase shares remaining largely flat