ARK Invest acquired shares of Coinbase and Circle during trading sessions on Friday and Monday. The firm purchased 64,208 shares of Coinbase for approximately $9 million and 110,551 shares of Circle for $8 million. These assets were distributed across three of the company's exchange-traded funds.
Simultaneously, ARK Invest reduced its position in the crypto exchange operator Bullish. The firm sold 342,545 shares of Bullish, valued at about $8 million. On the day of the transactions, the share prices for Coinbase, Circle, and Bullish all closed lower.
Additionally, ARK Invest bought Robinhood shares worth around $646,000 on Monday. As of Tuesday, Circle remains a top-five holding in three ARK ETFs, representing $270.3 million in ARKK, $71.4 million in ARKW, and $42.6 million in ARKF.
