Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks trade lower

Ark Invest's trading disclosure shows the purchases were made through its ARKK, ARKW, and ARKF ETFs on a day all three stocks closed lower. The firm bought 24,790 Coinbase shares ($3.4 million) as COIN fell 3.98% to $137.83, 35,657 Circle shares ($2.6 million) as CRCL dropped 0.6%, and 7,703 Robinhood shares ($645,820). It also sold 104,172 Bullish shares worth $2.3 million as that stock fell 5.69% to $22.54. The moves followed Coinbase's Q3 net income rising 66% year on year to $719 million; Circle reports Q3 earnings Nov. 4 and Bullish on Nov. 18.

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