Ark Invest increased its holdings in Coinbase, Bullish, and Robinhood stocks

According to The Block, on Tuesday, as the market recovered from Monday's price crash, Ark Invest purchased 28,315 shares of Coinbase stock for its ARKK fund, worth approximately $7.5 million. As of December 3, COIN (Coinbase stock ticker) is currently the second largest holding in the ARKK fund, with a weight of 5.6%, valued at about $409.6 million, second only to Tesla stock, which has a holding of $900.2 million.

On Tuesday, as Bullish's stock price rose by 5%, Ark Invest also purchased 42,434 shares of Bullish stock for its ARKK fund, worth $1.8 million. Additionally, the investment firm bought another 1,951 shares of Robinhood stock for its ARKW fund (worth $245,000).