ARK Invest Buys Coinbase, Sells AMD and Deere Amid Crypto Rotation
Cathie Wood-led ARK Invest made significant trades on Friday, buying shares of Coinbase Global (COIN) in three ETFs and selling Advanced Micro Devices (AMD) and Deere & Co (DE) across several funds.
The purchase of COIN was notable, as it was the second-largest single trade by weight after SpaceX (SPCX), which saw four funds purchasing the stock. COIN was acquired in ARKF, ARKK, and ARKW at a similar weighting of about 0.15% of each fund's holdings.
The sale of AMD and DE was across three funds each: ARKK, ARKQ, and ARKX. The largest single trade by weight was the sale of Roku (ROKU) from ARKW, accounting for around 0.31% of the fund.