The cryptocurrency space has been volatile of late as mixed headlines have pulled the asset up and down. Cathie Wood’s Ark Investment Management on Monday traded in two crypto-linked stocks, daily trade disclosure from the firm showed.
What Happened: Ark’s fintech-focused actively-traded exchange-traded fund, the Ark Fintech Innovation ETF (NYSE:ARKF) bought 143,063 Robinhood Markets, Inc. (NASDAQ:HOOD) shares. At Monday’s closing price of $8.39, the purchase is valued at $1.2 million.
On the other hand, ARKF sold 43,956 shares of cryptocurrency exchange Coinbase Global, Inc. (NASDAQ:COIN) ...