What did Cathie Wood's ARK Invest do in today's market downtrend? They bought shares of Coinbase and Robinhood! While everyone was selling, they made heavy investments in these two stocks.



The most interesting thing is that they made these purchases in all three of their major ETFs – ARKK, ARKW, and ARKF. Over 22,000 shares of Coinbase and more than 158,000 shares of Robinhood. Coinbase's weight in ARKK is 4.30%, and Robinhood is 4.18%. Both have become key holdings in ARKK.

This strategy is worth watching – an effort to improve the ARKK share price when there’s pressure on crypto stocks. The market is uncertain, but this firm is sticking to its stance. Watching the movement of ARKK’s share price in the coming weeks will be interesting.

On the other hand, they also adjusted their positions in Alibaba, Tesla, Shopify, and Amazon. This indicates they are continuously rebalancing for ARKK’s share price and overall fund performance. It’s clear they still believe in the crypto sector.
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