Ark Invest’s funds bought approximately $6.6 million worth of Coinbase, Circle and Robinhood shares on November 2, while selling roughly $2.3 million in Bullish stock. The manager increased its positions in three ETFs, including ARKK, ARKW and ARKF, resulting in net buying of $4.3 million. Coinbase reported third-quarter net income of $719 million, driven largely by unrealized gains on its crypto holdings, while adjusted net income came in at $78 million. In addition, Coinbase’s prediction markets exceeded $200 million in annualized revenue, whereas Robinhood’s crypto revenue fell 55% year over year.
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