Odaily Planet Daily reports that Cathie Wood’s Ark Invest made a “buy-the-dip” move on Tuesday, purchasing 22,452 shares of Coinbase worth approximately $4.09 million and 158,587 shares of Robinhood worth approximately $12.06 million through its ETFs. This purchase came amid escalating tensions between the U.S. and Iran, which have intensified global market volatility—Coinbase closed down 1.55% on Tuesday, while Robinhood fell 3.44%. Ark has been continuously adjusting its exposure to crypto-related stocks since early 2026, repeatedly increasing its positions in Coinbase and Robinhood during price declines. (The Block)
Ark Invest buys Coinbase and Robinhood shares amid market volatility
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Summary
Ark Invest, led by Cathie Wood, purchased 22,452 Coinbase shares and 158,587 Robinhood shares on Tuesday, totaling $16.15 million. The purchase occurred amid market volatility triggered by the U.S.-Iran conflict, as Coinbase and Robinhood declined 1.55% and 3.44%, respectively. Since early 2026, Ark has consistently increased its positions in crypto-related stocks during periods of market volatility.
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