Posted 3/25/2024, 8:29:20 AM
Ark Invest Buys the Tesla Dip, Sells Some Coinbase and Robinhood While Remaining Bullish on Bitcoin
- Tesla stock dipped, prompting Ark to purchase $19.89 million in shares across 3 ETFs to show confidence
- Ark sold $55.6 million in Coinbase stock and $5.76 million in Robinhood stock amid crypto cooldown
- Bitcoin has stalled after surging to $73.5K in March; Ark's Bitcoin ETF is still up 37%
- Ark's top holding remains Coinbase at around $831 million
- Questions around potential Tesla delivery misses and high valuation remain
