Ark Invest increased its holdings of Coinbase stock by $18.4 million and reduced its holdings of Robinhood stock by $29 million

According to The Block, Ark Invest, led by Cathie Wood, purchased $18.4 million in Coinbase stock on Wednesday while selling nearly $29 million in Robinhood stock. Coinbase closed down 2.57% at $164.92 that day, while Robinhood closed up 8.78% at $105.2. Robinhood remains the fourth largest holding in ARKK, accounting for 4.87%; Coinbase is the eighth largest holding, accounting for 3.71%.