馃殌 **Crypto Market Shake-Up! ARK Invest Buys Coinbase & Robinhood Amid Market Dip** 馃搲
- Cathie Wood鈥檚 ARK Invest is back in action, snapping up shares of Coinbase (COIN) and Robinhood (HOOD) during a significant market downturn.
- On Aug. 5, ARK acquired 93,797 COIN shares worth $17.77M, marking its first purchase since 2024.
- ARK also bought 681,885 HOOD shares for $11.19M, its first since Feb. 13.
- Bitcoin dipped below $50K for the first time since Feb. 2024, but has since rebounded to $55,092.
馃挰 What do you think about ARK鈥檚 strategy? Share your thoughts in the comments!