Cathie Wood’s Ark Invest Acquires $7.3M Worth Of Shares In This Promising Netflix Competitor, Sells Off Coinbase Stock Amid Bitcoin Slump

Cathie Wood-led Ark Invest made significant trades in Roku Inc and Coinbase Global Inc amidst a volatile market. The ARKK and ARKW ETFs bought shares in Roku Inc, while the ARKW ETF sold shares of Coinbase. The U.S. government’s transfer of Bitcoin to Coinbase caused the cryptocurrency market to edge lower. Other key trades included selling shares of Ginkgo Bioworks Holdings Inc and Teladoc Health Inc, and buying shares of 10X Genomics Inc and Intellia Therapeutics Inc. Overall, these trades reflect Ark Invest’s strategic moves in response to market trends.