Saltık 
Cathie Wood’s Ark Invest has bought Coinbase (COIN) sentiment after a long time. On the day when the companies’ purchases continued, COIN closed at $189.47, up 7.3%. ARK Invest, which bought Coinbase (COIN) and Robinhood (HOOD) sentiment for the first time in months, benefited from the collapse of the major market.
Cathie Wood’s investment management firm ARK Invest bought COIN for the first time since buying $21.6 million worth of sentiment on June 6, 2023. The firm bought 17.8 million COIN, while buying HOOD sentiment for the first time since February 13, investing 11.2 million pieces in Robinhood.
Might interest you: Ark Invest Sells $77 Million Ark 21Shares Bitcoin ETF to Buy Tesla Shares
Coinbase Stock Sells In the process, COIN suffered one of the sharpest losses in recent years in crypto and global sentiment markets, closing at $189.47 yesterday, where they picked up 7.3%. HOOD, on the other hand, gained 8.17% and fell by 16.42. It is known that ARK Invest, which makes purchases as prices fall, sells when prices recover. The company is careful not to exceed the 10% limit in stock purchases.
Following yesterday’s purchases, COIN constitutes 8.55% of ARK’s Innovation ETF (ARKK), 6.73% of the Next Generation Internet fund (ARKW) and 9.72% of the Fintech Innovation ETF (ARKF).
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.