Derived from BitJie, on Tuesday, Ark Invest added 28,315 shares of Coinbase to its Ark Innovation ETF (ARKK), valued at approximately $7.5 million. The purchase occurred amid market recovery from a sharp drop on Monday. Coinbase shares rose 1.3% to $263.26 on Tuesday, rebounding from a 7.4% decline the previous day. Other crypto-related stocks also saw gains, including Strategic (up 5.8%) and Bit Mining (up 10.3%). Meanwhile, Bitcoin rebounded above $91,000, and Ethereum rose 7% to above $3,000. Ark Invest also purchased $1.8 million worth of Bullish (42,434 shares) and $245,000 worth of Robinhood shares for its ARKW fund.
Ark Invest Adds Coinbase, Bullish, and Robinhood to ETF Holdings
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