PANews reported on December 3rd that, according to The Block, Ark Invest purchased 28,315 shares of Coinbase stock for its ARKK fund on Tuesday, worth approximately $7.5 million, as the market recovered from Monday's price crash. As of December 3rd, 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.

On Tuesday, as Bullish shares rose 5%, Ark Invest also purchased 42,434 shares of Bullish stock for its ARKK fund, worth $1.8 million. Additionally, the investment firm purchased another 1,951 shares of Robinhood stock (worth $245,000) for its ARKW fund.