Daily Market Updates: Ark Invest increases Circle and Block holdings while cutting Robinhood

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Ark Invest increases Circle and Block holdings while cutting Robinhood

The fund bought $14.0 million of Circle shares and $1.5 million of Block Inc. stock, while trimming Robinhood by $3.2 million.

Reported · Written up by our desk · Market Structure

Ark Invest added to its exposure to crypto-related equities by purchasing $14.0 million in Circle shares, according to The Block.

The firm also bought $1.5 million worth of Block Inc. shares while selling $3.2 million of Robinhood.

Overall, the transaction reflects a shift in Ark Invest’s portfolio within fintech and crypto-adjacent companies, with increases in Circle and Block offset by reduced Robinhood exposure.

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The BlockArk Invest adds $14 million in Circle shares while selling Robinhood

Crypto

Ark Invest increases Circle and Block holdings while cutting Robinhood

More like this

Sources

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