Ark Invest increased its holdings in Coinbase, Bullish, and Robinhood.

On Tuesday, as the market recovered from Monday's price plunge, Ark Invest purchased 28,315 shares of Coinbase stock for its ARKK fund, worth approximately $7.5 million. As of December 3, COIN (Coinbase's ticker symbol) is currently the ARKK fund's second-largest holding, with a weighting of 5.6% and a value of approximately $409.6 million, second only to its $900.2 million holding in Tesla stock.