ARK Invest Adds $16M in Coinbase and Robinhood Amid Market Dip

• ARK bought $4.09M worth of Coinbase and $12.06M of Robinhood during a market pullback.
• The purchases came as COIN fell 1.55% and HOOD dropped 3.44% amid US-Iran war tensions.
• Robinhood’s buying comes ahead of its “Take Flight” event, where new banking and AI tools are expected.

ARK Invest added to its positions in Coinbase and Robinhood on Tuesday as crypto-linked stocks pulled back. The firm purchased 22,452 Coinbase shares across ARKK, ARKW, and ARKF. Based on the closing price of $182.36, the position is worth roughly $4.09 million.

It also bought 158,587 Robinhood shares through the same ETFs, valued at about $12.06 million using the $76.07 closing price. As a result, the new exposure totals just over $16 million.

Stocks Slide as War Weighs on Risk

The buying came during broad market weakness tied to the US-Iran war, which entered its fifth day on Wed…

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