TechFlow news, December 3 — According to The Block, Cathie Wood-led Ark Invest purchased 28,315 shares of Coinbase stock worth approximately $7.5 million for its Ark Innovation ETF (ARKK) on Tuesday. In addition, Ark Invest bought 42,434 shares of Bullish stock (worth $1.8 million) and 1,951 shares of Robinhood stock (worth $245,000) for the ARKK fund.
According to company disclosures, COIN is currently the second-largest holding in the ARKK fund, with a weighting of 5.6% and a value of approximately $409.6 million, trailing only Tesla's $900.2 million position.
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