Ark Invest Shifts Fintech Portfolio, Adding Coinbase and Cutting Robinhood

The purchase of Coinbase shares across the ARKK, ARKW, and ARKF funds arrives as the exchange faces a 12.95% valuation drop over the past month. Coinbase shares closed Wednesday down 2.57% at $164.92. This investment follows the company’s recent product expansion, which includes plans for tokenized stocks, an AI-powered financial advisor, and a unified liquidity system designed to integrate U.S. and international markets.

While reducing its Robinhood stake by 275,572 shares, Ark Invest maintains a significant position in the brokerage; it currently accounts for 4.87% of the ARKK fund, or roughly $339.6 million. Robinhood shares rose 8.78% to close at $105.20 on Wednesday, buoyed by increased activity in its prediction markets. Alongside these shifts, Ark Invest added 236,759 shares of Block Inc. to its portfolio for $17.2 million, even as Block’s stock price slipped 2.46% to $72.84.