Ark Invest’s Million-Dollar Move in Coinbase and Robinhood Shares
It is reported that Ark Invest bought the shares of Coinbase and Robin Hood yesterday, with a value of 3.44 million US dollars and 9.97 million US dollars resp…
It is reported that Ark Invest bought the shares of Coinbase and Robin Hood yesterday, with a value of 3.44 million US dollars and 9.97 million US dollars respectively. According to the email transaction notice, 47568 shares of Coinbase were added to Ark Innovation ETF. 8031 shares were added to Ark Next Generation Internet ETF, which also purchased 1.06 million shares of Robin Hood.
Ark Invest bought 55000 shares of Coinbase and 1.06 million shares of Robin Hood
Analysis based on this information:
Ark Invest, a prominent investment management firm, has made headlines again with its recent purchase of Coinbase and Robinhood shares. According to reports, the firm invested a whopping $3.44 million in Coinbase and $9.97 million in Robinhood, showing its confidence in the long-term growth prospects of both companies.
The move came as no surprise to industry experts, as Ark Invest is known for its bullish stance on technology and innovative companies, making it a perfect fit for investing in Coinbase and Robinhood. Coinbase is the largest cryptocurrency exchange in the US, and its recent IPO has been hailed as a major milestone for the industry. On the other hand, Robinhood has quickly become one of the most popular trading platforms in the country, fueled by the rise of retail investing and the democratization of finance.
Ark Invest’s investment in both companies is a powerful statement about the potential of these platforms in the future of finance. By adding 47,568 shares of Coinbase to its Ark Innovation ETF and 8,031 shares to its Ark Next Generation Internet ETF, Ark Invest is signaling its belief that these companies will be major players in the digital economy.
Furthermore, the purchase of 1.06 million shares of Robinhood by Ark Invest’s Ark Next Generation Internet ETF is a strong indication of the firm’s faith in the company’s growth potential. As Robinhood expands its product offerings, such as cryptocurrency trading and options trading, its user base continues to grow, making it one of the most valuable private companies in the world.
In conclusion, Ark Invest’s decision to invest millions of dollars in Coinbase and Robinhood shares highlights the firm’s forward-thinking approach to investing in disruptive technologies. The move cements Ark Invest’s reputation as a leading voice in the technology investment space and suggests that the future of finance is digital.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9076/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
UK Treasury Cancels Government-Supported NFT Plan to Make UK a Global Cryptocurrency Center
It is reported that the UK Treasury is canceling its plan to issue a government supported NFT aimed at making the UK a global cryptocurrency center. Originally proposed by British
-
Stargate DAO Recommends Against Reissuing STG Tokens
On March 13, Stargate, a cross-chain liquidity agreement based on LayerZero, tweeted that the Stargate Foundation recommended DAO not to reissue STG tokens. After the bankruptcy of FTX last year, the FTX/Alameda wallet suffered from key leakage or internal problems, and was attacked by hackers and lost about $500 million. The FTX liquidator will eventually transfer all assets to the new wallet, and the key will not be leaked to hackers. Stargate DAO believes that the key of the wallet is likely to be leaked and shared between FTX liquidator/Alameda and hackers, and proposes to reissue STG tokens to transfer these funds out of the wallet. The Stargate Foundation advised the DAO not to reissue STG tokens, and the FTX liquidator may seek compensation Analysis based on this information:Stargate, a cross-chain liquidity agreement based on LayerZero, recently tweeted that the Stargate Foundation recommended against reissuing its STG tokens. This decision is based on the belief that the key to the…
-
Standard & Poor’s Global is hiring a DeFi Supervisor
According to reports, recruitment information shows that Standard&Poor\’s Global is recruiting a DeFi supervisor to successfully establish and execute a DeFi team strategy. This pos
-
Marqeta Partners with Digital Wallet Stables to Launch MasterCard Prepaid Card
It is reported that Marqeta, a global modern card issuing platform, has announced a new partnership with Digital Wallet Stables to support its new MasterCard prepaid card. Headquar
-
What is bitcny address (bitlocation)?
What is bitcny address? Why set up an executable key Bitcoin address?The Bitcoin
-
Table of Contents:
On April 19th, Maple Finance, an encrypted lending agreement, announced the launch of a Cash Management Pool. Maple stated that the cash management pool is an on chain cash managem
-
The Rise of Meme Coins: A Look at Memeland’s Latest Project
On April 20th, Memeland, a NFT project under the well-known funny community 9GAG, tweeted that you are purchasing meme coins. We are building the THE Meme Coin. It is reported that
-
Softbank Group Stated That The Collapse Of Silicon Valley Bank Would Not Affect Its Finances
According to reports, Softbank Group said that the collapse of Silicon Valley Bank had little impact on companies supported by SVF (Softbank Vision Fund). Softbank also said: “It is not expected that the Bank of Silicon Valley will have an impact on our financial situation.” Softbank: Silicon Valley Bank has little influence on companies supported by Softbank Vision Fund Analysis based on this information:Softbank Group, a multinational conglomerate headquartered in Tokyo, Japan, announced that the fall of Silicon Valley Bank (SVB) will not negatively impact the companies supported by the Softbank Vision Fund (SVF). The bank’s troubles began in March, when Zachary Scott Hill, a former SVB vice president, pleaded guilty to embezzling more than $4.7 million from the bank. To avoid taking responsibility for the misappropriated funds, Hill fled the country, and his whereabouts remain unknown. In light of these events, Softbank clarified that SVB’s downfall would not have a significant impact on its operations. More specifically, Softbank stated…
-
#Table of Contents
On March 21, a post on the GMX Governance Forum of the Decentralized Derivatives Exchange showed that some members of the GMX community supported the deployment of the GMX protocol
-
Navigating the Future of Decentralized Finance
12:00-21:00 Keywords: Voyager, Cardano, Goerli, MakerDAO
Overview of important developments in the evening of February 26
Interpretation of the ne…
-
Tracking the Latest Crypto Sales: Bitcoin and Ethereum Dominate Daily Trading
According to reports, data shows that in the past 24 hours, the entire network has sold out 64.582 million US dollars, of which Bitcoin sold out 24.9427 million US dollars and Ethe
-
OKB Breaks Through $50 Mark with 4.32% Daily Increase
According to reports, the market shows that OKB has broken through $50 and is currently reported at $50.26, with a daily increase of 4.32%. The market is volatile, so please do a good job of risk control. OKB breaks through $50 Analysis based on this information:According to recent reports, OKB has broken through the $50 mark and is currently reported at $50.26 with a daily increase of 4.32%. This development is significant for OKB, as it is a clear indication that the coin’s value is steadily increasing in the market. Investors are taking note of this development, and experts believe that the price can continue to rise over time. The current market volatility is a major concern for investors, as the price of cryptocurrencies can fluctuate drastically over a short period. Cryptocurrency investors are well aware of the risks associated with trading in digital assets, and they depend on accurate information and analysis to make the right investment decisions. Therefore,…
-
Bitcoin Price and Tether Stability Amid Economic Uncertainty
According to reports, according to data disclosed by blockchain analysis company Glassnode, recently, the price of Bitcoin hovered between several popular and widely observed technical analysis pricing models. After hitting the resistance of the 200 week and 365 day moving averages (about 25.0k) in February, the price hit the 200 day and 111 day moving averages (about 19800) this week and then rebounded. This is the first cycle in history for BTC to trade below the 200 week average, From this perspective, the market is in a new area. In addition, Glassnode data shows that Tether was always at a premium of $1.01 to $1.03 during the collapse of banks in Silicon Valley, which means that Tether is seen as a safe haven amid concerns that the US banking industry is subject to strict regulation. Glassnode: The first time in Bitcoin history that a transaction cycle occurs below the 200 week moving average Analysis based on this information:The recent fluctuations…
-
The Rise of the RMB: Implications for Global Economics
According to reports, the head of the Hungarian Central Bank, Mao Torci Jierji, stated at the \”Financial Infrastructure and Financial Services in the Digital Era\” roundtable at the
-
Why are there so many cryptocurrencies in blockchain (Why are people still playing with blockchain fundraising)?
Why are there so many cryptocurrencies in blockchain? According to CCN, the rea
-
Evertas challenges Coinbase to expand banking services to high-net-worth clients
It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking services to high-net-worth individuals and enterprises. Coinbase CEO: is considering adding functions with “banking” business Analysis based on this information:Evertas, a cryptocurrency insurance company, posed a question to Coinbase in a tweet, asking whether the platform had thought of expanding its banking services to high-net-worth individuals and enterprises. The query came after Evertas launched its new insurance policy, covering losses incurred by clients using hot wallets. The insurance firm’s call for Coinbase to expand comes at a time when the cryptocurrency market is experiencing significant growth, and demand for digital currencies and financial services is on the rise. Coinbase has been making moves towards expanding its services for institutional clients, such as Tether, which signed on as a Coinbase customer earlier this year. However, the firm has yet to provide specific services aimed at high-net-worth individuals…