Ark Invest Acquires $18.4M Coinbase Shares, Offloads $29M Robinhood Stock

According to Cointelegraph, Ark Invest acquired $18.4 million in Coinbase shares today (June 18) while simultaneously selling $29 million in Robinhood stock across its ETFs. The move reflects a shift in institutional investment strategies, with the allocation suggesting renewed confidence in Coinbase as a cryptocurrency sector player amid evolving market conditions.
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