Ark Invest increased its holdings in crypto-linked equities on March 3, purchasing shares of Coinbase and Robinhood across multiple exchange-traded funds. The firm acquired 22,452 Coinbase shares valued at roughly $4.1 million and 158,587 Robinhood shares worth about $12 million, based on closing prices.
The purchases came as escalating tensions involving the US, Israel, and Iran pressured global markets, sending major indexes lower. Coinbase declined 1.55% during the session, while Robinhood fell 3.44%, reflecting broader risk-off sentiment across growth and technology stocks.
The trades follow recent portfolio adjustments by Ark, which has alternated between trimming and rebuilding its Coinbase position in recent months. The move suggests continued conviction in crypto infrastructure equities despite earnings volatility and heightened geopolitical uncertainty.
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