Posted 11/30/2023, 11:48:01 AM
ARK Invest Buys More SoFi and Robinhood While Selling Coinbase As Crypto Services Face Uncertainty
- Cathie Wood's ARK Invest bought $1.5M worth of SoFi shares the same day SoFi announced it would end crypto services
- ARK has been accumulating SoFi stock all year, now holding $13M worth across its ARKF ETF
- SoFi stock price has been volatile in 2022, surging to $11 in July but now below $7
- ARK also bought more Robinhood stock, which allows US users to buy crypto
- While buying SoFi and Robinhood, ARK continued selling Coinbase shares from its ARKF ETF