Cathie Wood’s Ark Invest significantly increased its holdings in Coinbase Global Inc. and Robinhood Markets Inc. on Monday, seizing a buying opportunity as global markets retreated due to escalating geopolitical tensions in the Middle East. Following Iran’s drone and missile attack on Israel, which triggered a broad sell-off in both traditional equities and cryptocurrencies, Ark’s flagship funds moved to accumulate shares of the fintech giants at lower valuations. The Ark Innovation ETF (ARKK) and other thematic funds within the firm’s portfolio added substantial positions in Coinbase, despite the volatility in the digital asset market. Similarly, Wood doubled down on Robinhood, signaling continued confidence in the platform’s retail trading expansion. This move aligns with Ark Invest’s long-standing strategy of ‘buying the dip’ in disruptive innovation companies during periods of macroeconomic uncertainty and market turbulence.
Source: Cathie Wood’s Ark loads up on Coinbase, Robinhood as stocks slide on Iran conflict
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