ARK Invest increased its stake in Coinbase stock by $18.4 million and reduced its stake in Robinhood stock by nearly $29 million.
TechFlow News, June 18: According to The Block, on June 17, ARK Invest purchased 111,799 shares of Coinbase stock—valued at approximately $18.4 million based on the closing price—across its three ETFs: ARKK, ARKW, and ARKF. Simultaneously, ARK sold 275,572 shares of Robinhood stock, generating nearly $29 million in proceeds.
Additionally, ARK’s ARKK ETF bought 236,759 shares of Block Inc. stock, valued at roughly $17.2 million. On that day, Coinbase’s stock price fell by 2.57%, Robinhood’s rose by 8.78%, and Block’s declined by 2.46%.
On the news front, Coinbase recently announced plans to launch tokenized stocks and released a system update featuring an AI-powered advisor alongside unified liquidity for U.S. and international spot and derivatives markets.
