ARK Invest buys $18.4M Coinbase, sells $29M Robinhood

On Wednesday, June 17, 2026, investment firm ARK Invest executed a significant portfolio rebalancing, purchasing $18.4 million in Coinbase Global Inc. shares while selling approximately $29 million worth of Robinhood Markets stock. The trades, executed across several of ARK's exchange-traded funds, highlight a strategic shift in institutional positioning between two major fintech companies navigating a volatile market.

ARK acquired 111,799 shares of Coinbase, distributing them among its ARKK, ARKW, and ARKF funds. Despite the purchase, Coinbase's stock closed down 2.57% at $164.92, extending a monthly decline of nearly 13%. Concurrently, the firm sold 275,572 Robinhood shares via its flagship ARKK fund. Robinhood's stock closed up 8.78% at $105.20 on the same day and remains ARKK's fourth-largest holding. ARK also made other major transactions, including buying $46.2 million in Eli Lilly shares and selling $33 million in Roku stock.

The Coinbase purchase followed a major product announcement from the cryptocurrency exchange the previous day. On Tuesday, Coinbase unveiled plans to launch tokenized U.S. equities for eligible users outside the United States, offering one-for-one...