Cathie Wood’s Ark Venture and other funds get a boost from possible SpaceX IPO
Cathie Wood's Ark Invest has increased its exposure to crypto-related equities by adding shares of Coinbase and Robinhood Markets. The purchases were valued at around $4.1 million for Coinbase and $12 million for Robinhood, and took place amidst broader market pullback due to global tensions.
Cathie Wood's Ark Invest has increased its holdings in crypto-related companies. The firm bought 22,452 shares of Coinbase and 158,587 shares of Robinhood across several ETFs. The purchases were valued at $4.1 million and $12 million respectively. Ark Invest also made other portfolio adjustments, adding shares of companies like Roblox and Amazon, while reducing positions in others. The moves come as global markets face pressure from escalating conflicts. Coinbase and Robinhood shares declined during the session, with Coinbase down 1.55% and Robinhood down 3.44%.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.