Kathy Wood Ark Investment Management On Wednesday, more shares accumulated in crypto-related stocks Coinbase Global Inc (NASDAQ: COIN) and Robinhood Markets Inc (NASDAQ: HOOD) down.
Ark Invest has bought 98,572 shares – valued at $23.1 million – in Coinbase. The stock closed down 1% at $234.7 a share on Wednesday. The stock is down 6.5% so far this year.
The popular money management firm bought 31,555 shares—valued at $512,768—in Robinhood. The stock closed down about 1% at $16.25 a share on Wednesday and is down about 12% so far this year.
The asset manager held 5.07 million and 22.5 million shares in Coinbase and Robinhood, respectively, prior to Wednesday’s trading. The consolidated exposure to stocks before Wednesday’s trading was $1.57 billion.
See also: Cathy Wood sharply reduces risk when capturing and loading it up on cryptocurrency-exposed fintech stocks
Ark Invest collected shares in crypto-related stocks last week as the digital asset market remained jittery after Bitcoin (CRYPTO: BTC) Cryptocurrency selling led.
Bitcoin and other major currencies flashed green on Wednesday evening as the global cryptocurrency market cap rose 3.7% to $2.1 trillion. The price has increased slightly over the past seven days.
Ethereum (CRYPTO:ETH) It rose 4.2% in 24 hours to $3,368.69. During a seven-day tracking period, the second largest coin by market cap fell 4.9%.
Dogecoin (CRYPTO: DOGE) gained 6.3% to $0.16 in 24 hours. Over the past seven days, it is up 2.8%.