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ARK Invest increased its stake in Coinbase stock by $18.4 million and reduced its stake in Robinhood stock by nearly $29 million.

Source: www.theblock.co
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. At the same time, ARK reduced its holdings in Robinhood by 275,572 shares, generating nearly $29 million in proceeds.

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