Cathie Wood, the CEO of ARK Investment Management, and an experienced investor, continues to showcase her optimistic stance on the cryptocurrency industry. ARK Invest since 2022 augmented its position in Coinbase Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD) by adding a total of $1.13 billion in shares, as of writing.
What Happened: ARK Invest holds stakes in both Coinbase and Robinhood through multiple funds, including ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW).
Wood’s holdings in COIN amount to over $838 million, while her stake in HOOD surpasses $293 million.
Now, let’s delve into a performance analysis of HOOD and COIN, comparing their year-to-date progress in the market.
A Year-Long Comparison: HOOD vs. COIN
Taking into account the performance over the last year, we find that ...