PANews reported on August 8 that according to Ark Invest Daily data, ARK Invest bought 2,699 shares of Coinbase through its ARKK fund, 640 shares of Coinbase through its ARKW fund, and 589 shares of Coinbase through its ARKF fund on August 7, which was worth about $700,000 at the closing price of $178.91 on the same day. In addition, the ARKK fund also purchased 145,420 shares of Robinhood stock, which was worth about $2.49 million at the closing price of $17.12 on the same day.