Why did Ark Invest buy more Coinbase shares?

Ark Invest increased its position in Coinbase by purchasing 111,799 shares worth approximately US$18.4 million. The purchase followed Coinbase's rollout of tokenised stocks, an AI-powered adviser and a unified liquidity platform.

How much Coinbase stock did Ark Invest purchase?

Ark Invest purchased 111,799 shares of Coinbase across three exchange-traded funds. Based on Coinbase's closing price of US$164.92, the investment was worth about US$18.4 million.

What other portfolio changes did Ark Invest make alongside the Coinbase purchase?

Ark Invest bought approximately US$17.2 million of Block shares and sold nearly US$29 million of Robinhood stock. The transactions were disclosed alongside the Coinbase purchase.

How important is Coinbase within Ark Invest's portfolio?

Coinbase represents approximately 3.71% of the ARK Innovation ETF, equivalent to about US$258.6 million in holdings. Robinhood remains a larger position at roughly 4.87% of the portfolio.

What new products recently launched by Coinbase?

Coinbase recently announced tokenised stocks, an AI-powered investment adviser and a unified liquidity system linking its US and international markets. The company said the initiatives are designed to expand its services beyond traditional cryptocurrency trading.

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Ark buys $18.4M of Coinbase shares

Written by Brie CarterPublished Jun 18, 2026, 7:55 AM

Ark Invest purchased approximately US$18.4 million worth of Coinbase shares across three exchange-traded funds.
The firm also bought US$17.2 million of Block shares while selling nearly US$29 million worth of Robinhood stock.
The move comes after Coinbase unveiled tokenised stocks, AI-powered tools and a unified liquidity platform.

Ark Invest increased its exposure to Coinbase, purchasing 111,799 shares worth approximately US$18.4 million across its ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Fintech Innovation ETF.

The purchases were disclosed as Coinbase shares continued to face pressure, with the stock declining nearly 13% over the previous month and falling 2.57% on Wednesday to close at US$164.92.

The latest purchases followed Coinbase's announcement of new products including tokenised stocks, an AI-powered investment adviser and a unified liquidity system connecting its US and international markets.

Ark also acquired 236,759 shares of Block valued at approximately US$17.2 million while reducing its position in Robinhood by selling 275,572 shares worth nearly US$29 million.

Despite the reduction, Robinhood remains one of the largest holdings in the ARK Innovation ETF, representing about 4.87% of the portfolio, while Coinbase accounts for approximately 3.71% of fund assets.

Benchmark Equity Research recently reiterated its buy rating on Coinbase, stating that the company's latest product expansion demonstrates efforts to grow beyond its traditional cryptocurrency trading business.

The Coinbase purchase follows Ark's earlier investment in crypto exchange operator Bullish, reflecting the firm's continued interest in digital asset infrastructure companies despite recent volatility across crypto-related stocks.