Cathie Wood’s investment management company ARK Invest acquired an additional $5 million in Coinbase stock on November 29th. At the same time, he sold $2 million (approximately 300 million yen) worth of shares in trading platform Robinhood and $1.5 million (approximately 225 million yen) worth of online bank SoFi Technologies. ) purchased.

The Ark FinTech Innovation ETF’s sale of 38,668 Coinbase shares follows the sale of 43,956 shares on November 27th. Coinbase stock was essentially flat on November 29, closing 0.35% lower at $127.82.

The Robinhood purchase is Ark’s seventh this month and coincides with the company’s third attempt at international expansion, when it began trading stocks in the United Kingdom. Ark invested approximately $13.5 million (approximately 2.025 billion yen) in Robinhood this month based on the closing price. The company’s stock price rose 3.24% to $8.92 on the 29th.

Meanwhile, SoFi announced that it is exiting the crypto business and handing over its customers to Blockchain.com. The company fell 0.14% to $7.35.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Cathie Wood (Danny Nelson/CoinDesk)
｜Original text: ARK Invest Sells Another $5M of Coinbase Shares; Buys Robinhood, SoFi