Cathie Wood's Ark Invest Buys the Dip on Coinbase and Robinhood—Both Now Surging

In brief

• Ark Invest added $12 million in shares of Robinhood and $4 million worth of Coinbase on Tuesday.
• The dip buy came ahead of a strong rebound on Wednesday morning which has seen the pair jump 9% and 13%, respectively.
• The two financial firms make up the 10th and 11th largest positions for Wood’s actively managed ETFs.