Cathie Wooden’s Ark Invest elevated its publicity to crypto-related equities, including shares of Coinbase and Robinhood Markets throughout a number of of its exchange-traded funds (ETFs) as broader markets pulled again.
The corporate bought a mixed 22,452 shares of Coinbase throughout the ARK Innovation ETF (ARKK), ARK Subsequent Era Web ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), in line with commerce notifications for Tuesday. Primarily based on Coinbase’s closing worth of $182.36 throughout the day, the acquisition was valued at about $4.1 million.
Ark additionally amassed 158,587 shares of Robinhood by means of the identical ETFs. With Robinhood closing at $76.07, the transaction was valued at about $12 million.
The purchases occurred as issues surrounding the escalating battle involving the US, Israel and Iran continued to stress world markets, pushing main indexes decrease. Each Coinbase and Robinhood declined throughout the session. Coinbase shares finished the day down 1.55%, whereas Robinhood fell 3.44%, in line with information from Yahoo Finance.
Associated: Morgan Stanley, other top holders add Bitmine exposure amid sell-off
Ark reshuffles its portfolio
Ark’s filings point out the trades had been a part of broader portfolio changes throughout its funds. It additionally added shares of corporations together with Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports activities, BioNTech and Eli Lilly, whereas decreasing positions in Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, PagerDuty and a number of other different healthcare shares.
In a put up on X, ETF analyst James Seyffart noted that ARK did “a bigger quantity of buying and selling” than common throughout the day.
Final month, ARK Invest resumed buying Coinbase shares after trimming its place, buying about $15.2 million value of inventory. The transfer adopted a sequence of Coinbase sell-offs by the Cathie Wooden–led asset supervisor, together with selling about $17.4 million value of Coinbase shares on Feb. 5, adopted by one other $22 million sale on Feb. 6.
Associated: ARK Invest adds $34M Robinhood stake as Bitcoin falls below $66K
Coinbase reviews $667 million This autumn loss
Coinbase’s current volatility comes after the corporate reported a $667 million web loss for the fourth quarter of 2025, ending eight consecutive quarters of profitability.
Earnings missed analyst expectations and web income fell 21.5% year-on-year to $1.78 billion, pushed by a pointy drop in transaction income, although subscription and providers income rose modestly.
Journal: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author
Cointelegraph by Amin Haqshanas Ark Invest Adds $4M in Coinbase, $12M in Robinhood Amid Market Volatility cointelegraph.com 2026-03-04 08:06:58
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