PANews reported on March 4th that, according to The Block, Cathie Wood's Ark Invest purchased 22,452 shares of Coinbase stock, worth approximately $4.09 million, and 158,587 shares of Robinhood stock, worth approximately $12.06 million, through its ETF on Tuesday. This purchase comes amid escalating global market volatility due to the ongoing US-Iran conflict. Coinbase closed down 1.55% on Tuesday, and Robinhood fell 3.44%. Ark has been adjusting its exposure to crypto-related stocks since early 2026, repeatedly increasing its holdings of Coinbase and Robinhood during market downturns.