ARK Invest buys $17.77 million COIN, $11.19 million HOOD as BTC fell under $50k

In addition, ARK bought 681,885 shares of Robinhood (HOOD), the crypto-friendly online brokerage, for $11.19 million, marking its first purchase since Feb. 13.

The buying activity was primarily within the ARK Innovation ETF (ARKK), which purchased 65,165 shares of Coinbase. The ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW) also participated, purchasing 15,629 and 13,003 shares of Coinbase, respectively.