Ark Invest adds Coinbase and Robinhood shares as the stocks slip
Ark Invest bought more Coinbase, Circle and Robinhood shares through its ETFs and sold Bullish, according to The Block, as the stocks fell.
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what happened
Cathie Wood's Ark Invest raised its stakes in Coinbase, Circle and Robinhood through its exchange-traded funds on Monday, even though all three stocks finished the session lower, The Block reported. Based on the firm's latest trading disclosure, Ark acquired 24,790 Coinbase (COIN) shares worth $3.4 million via its ARKK, ARKW and ARKF funds. Coinbase closed 3.98% lower at $137.83. Over the same period Ark sold 104,172 Bullish (BLSH) shares worth $2.3 million, and the crypto exchange's stock dropped 5.69%.
why it matters
The trades follow a strong third quarter at Coinbase, where net income climbed 66% year on year to $719 million and revenue reached $1.22 billion. Bernstein analysts said growth in prediction markets and subscription revenue partly offset weaker crypto trading. Circle reports Q3 earnings on November 4 and Bullish on November 18.
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sources
- Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks trade lower — The Block, 3 November 2026 at 02:57 UTC
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