ARK Invest reshaped its portfolio on June 17, boosting its stake in Coinbase and Eli Lilly while cutting exposure to Robinhood and Roku. The firm secured 111,799 Coinbase shares across the ARKK, ARKW and ARKF ETFs, a transaction valued at roughly $18.4 million. Coinbase closed at $164.92, down 2.57%, after a 30‑day slide of about 13%.
Portfolio Adjustments
In addition to the Coinbase purchase, ARK added 236,759 shares of Block Inc. through the ARKK fund, worth approximately $17.2 million, even as Block’s price dipped 2.46% to $72.84. The firm simultaneously off‑loaded 275,572 Robinhood shares via ARKK, a sale estimated at $26.7 million,