{"id":139211,"date":"2024-10-09T20:30:03","date_gmt":"2024-10-09T17:30:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139211"},"modified":"2024-10-09T17:12:29","modified_gmt":"2024-10-09T14:12:29","slug":"ark-invest-boosts-coinbase-position-again-trims-robinhood-shares","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ark-invest-boosts-coinbase-position-again-trims-robinhood-shares\/","title":{"rendered":"ARK Invest Boosts Coinbase Position Again, Trims Robinhood Shares"},"content":{"rendered":"
This marks ARK\u2019s first purchase of Coinbase stock in over a month, pointing to fresh confidence in the company\u2019s future performance.<\/p>\n
The firm added close to 13,000 shares of Coinbase to its Fintech Innovation ETF. Despite a slight drop in Coinbase\u2019s stock price that day, the ETF now holds approximately $67 million worth of shares, which represents over 7% of the total portfolio. Even though the stock has climbed 6.5% since ARK\u2019s last buy, it still sits 20% below its August highs.<\/p>\n
Industry experts see this move as a potential bet on a broader crypto rally, with Bitcoin\u2019s historical performance in October often being a catalyst for market gains.<\/p>\n