Cathi Wood’s digital asset investment firm, Ark Invest, has sold another 38,668 Coinbase shares (COIN) – worth approximately $5 million – on November 29. Along with this offloading, it has bought nearly $2 million of Robinhood shares (HOOD) and $1.5 million of SoFi Technologies shares (SOFI).
This is Ark Invest’s second sell-off during the week, with the firm selling $5.26 million worth of Coinbase shares on Monday, when COIN hit a 19-month high. This week’s sales add to Ark’s offloading of over $3.3 million of COIN last month.
While Ark is keeping up on selling Coinbase shares and its GBTC holding, the firm is showing keen interest in Robinhood by buying its shares on and on now for the seventh time this month.
Data shows that Ark has bought Robinhood shares (HOOD) worth over $13.5 million this month. It now holds a total of $54 million worth of Robinhood shares, according to data from the company’s official websites.
Crypto trading platform Robinhood is slowly coming into the spotlight, with it recently announcing plans to expand its trading services in the European Union and the United Kingdom.
Also Read: ARK Invest Dumped 700k Grayscale’s GBTC Shares In Month
