Cathie Wood’s Ark Invest Sells $1.9M in Grayscale Bitcoin Fund, Sheds Coinbase Holdings And Shops For $1.8M Worth Of Robinhood Stock
On Tuesday, Cathie Wood-led Ark Invest made significant trades, with a notable purchase of shares in Robinhood Markets Inc (NASDAQ:HOOD) while offloading positions in Coinbase Global Inc (NASDAQ:COIN) and Grayscale Bitcoin Trust (OTC:GBTC). This move aligns with a similar trading pattern observed on Monday. The HOOD Trade: Amid a broader crypto rally, Ark Invest acquired 197,285 shares of Robinhood through ARK Next Generation Internet ETF (NYSE:ARKW). The transaction was valued at $1.8 million based on Robinhood’s closing price of $9.32 on Tuesday. This decision comes in the wake of Ark Invest…