Ark Invest Heavily Invested in Coinbase and Robinhood
CryptoNewsTerminal Staff06 Aug, 2024
Ark Invest Heavily Invested in Coinbase and Robinhood
Ark Invest, led by well-known Cathie Wood, added to its crypto and fintech holdings through buying Coinbase and Robinhood shares. On August 6, the firm purchased 19,892 Coinbase shares and 121,917 Robinhood shares. This is not Ark's first investment in either company. They are long-term holders of Coinbase and have been adding to their Robinhood position since May 2022. These purchases signal Ark's continued belief in the potential of the crypto and fintech industries. They are betting that these companies will be able to continue to grow and innovate in the years to come.
