ARK Invest purchases millions worth of COIN and HOOD

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ARK Invest purchases millions worth of COIN and HOOD

CoinMarketCap08-07

Cathie Wood’s investment management company, ARK Invest, purchased $17.8 million of Coinbase’s COIN and $11.2 million of Robinhood’s HOOD. ARK Invest’s massive Robinhood and Coinbase stock purchases ...

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ARK Invest’s massive Robinhood and Coinbase stock purchases ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66b261103d00044c5482362f/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和数据","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66b261103d00044c5482362f/","article_id":"2457746860","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/e4a0f80c2a054e61a5751a73a4b9e7d3.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457746860","pubTimestamp":1722966287,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Cathie Wood’s investment management company, ARK Invest, purchased $17.8 million of Coinbase’s COIN and $11.2 million of Robinhood’s HOOD. 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ARK Invest’s massive Robinhood and Coinbase stock purchases came after the crypto market slump, which affected crypto-related stocks, such as HOOD and COIN.\nThe massive COIN purchase is the first the company has made since June 2023, when it bought over $21 million of COIN. The investment company’s acquisition of HOOD was also the first since February of this year. \nTradingView data from August 5 showed that COIN lost 7.32% to $189.47 while HOOD lost 8.17% to $16.42. Monday’s crypto and stock market crash is among the worst, with multiple coins registering significant losses.\nThe U.S. and Japanese stock markets also experienced huge losses during the stock market slump. The Dow Jones Industrial Average, S&P 500, and NASDAQ Composite all saw significant losses, while the Nikkei 225 Index slumped by 12%, the most significant drop since 1987. \nARK Invest purchases stocks through its ETFs\nRecent ARK stock acquisitions were through its ETFs, including the ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), ARK Genomic Revolution ETF (ARKG), Ark Fintech Innovation ETF (ARKF), and ARK Space Exploration & Innovation ETF (ARKX).\nARK bought the 93,797 Coinbase and 681,885 Robinhood shares through ARKK, ARKW, and ARKF. The investment company also made notable stock purchases from Meta Platforms Inc., AMD Inc., Palantir Technologies Inc., Amazon.com Inc., and Tesla Inc. ARK stock purchases on Monday amounted to over $70 million.\n\nCathie Wood and Ark Invest's trade activity from today 8/5 (2/2) pic.twitter.com/nrUKJPG0OT\n— Ark Invest Daily (@ArkkDaily) August 6, 2024\n\nARK Invest made significant spot Ether ETF purchases in addition to the crypto-related stocks. TradingView data shows that ARK bought $1.7 million of 3iQ Ether Staking ETF shares worth approximately $21 million. Also, the Cathie Wood-led firm bought approximately 1 million shares through ARKW and the rest through ARKF. The 3iQ Ether Staking ETF launched in October and has seen over 24% growth.\n\nSince our staking program began last October, the 3iQ Ether Staking ETF has seen +24% growth in its units outstanding. It is one of few Canadian ETH ETFs to see net creations in 2024 and is currently the only ETF with staking integrated today. Welcome new investors and thank you… pic.twitter.com/miHhidWRLI\n— 3iQ Digital Asset Management (@3iq_corp) June 14, 2024\n\nCrypto markets rebound in the past 24 hours\nAccording to CoinMarketCap data, most coins have shown signs of recovery in the past 24 hours. Bitcoin is up by 10.73% in the past 24 hours, reaching $55,156 at the time of writing. However, the king coin is still down 16.99% in the past 7 days. Ethereum is up by over 7%, Solana is up by 16.13%, XRP is up by over 10%, and DOGE is up by 8.8%. \nStocks tied to crypto also rebounded, including Riot Platforms, Microstrategy, and Coinbase. The NASDAQ Composite, S&P 500, and the Dow Jones Industrial Average are up by 0.17%, 1.02%, and 0.9%, respectively. The Nikkei 225 Index is also up by 10%, recovering almost fully from Monday’s decline.\nSpot Bitcoin ETFs saw more outflows since yesterday, recording over $168 million in outflows. Spot Ether ETFs still recorded over $48 million in net inflows.\n\n📈MARKET PULSE📉BEST IN CLASS CRYPTO DIGEST!…NEWS, UPDATES, INSIGHTS AND MORE…⬇️\n🚨NEWS\nUS spot $BTC #ETFs saw $168 million in net outflows yesterday#ETHEREUM SPOT ETFS REGISTERED $48.73M IN NET INFLOWS YESTERDAYTLDR: ETF investors, in aggregate, likely bought the dip… pic.twitter.com/1B4noA3fya\n— Bojo (@Bojo0x) August 6, 2024","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}