Add as a preferred source on GoogleARK Invest Buys Coinbase, Circle and Robinhood Shares in Nov. 2 Trades
The purchases were valued at $3.4 million for Coinbase, $2.6 million for Circle and $645,820 for Robinhood; ARK also sold $2.3 million worth of Bullish shares.
ARK Invest bought shares of Coinbase, Circle Internet Group and Robinhood Markets on Monday, Nov. 2, while selling $2.3 million worth of Bullish shares. All three stocks ARK bought closed lower during the session.
The purchases were valued at $3.4 million for Coinbase, $2.6 million for Circle and $645,820 for Robinhood. Bullish shares fell 5.6% on the day.
The Robinhood buy followed a separate Oct. 28 purchase of 99,418 shares. That earlier purchase came after the company’s third-quarter results showed crypto revenue down 55% year over year.
ARK also bought 65,615 Circle shares on Oct. 26, valued at about $5.2 million.
ARK’s daily trade notices cover activity by its actively managed exchange-traded funds. The firm describes the notices as informational, unofficial and unreconciled. They exclude initial or secondary public offerings and ETF creation and redemption activity, and may be supplemented by later files.