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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Raised Exposure In These Three Crypto-Linked Fintech Stocks On Monday

Cathie Wood Coinbase Nasdaq COIN HOOD Ark Invest Robinhood Block Ark Investment Management Coinbase Global Inc

Cathie Wood-led Ark Investment Management on Monday loaded up more shares in Robinhood Markets Inc (NASDAQ:HOOD), Coinbase Global Inc (NASDAQ:COIN) and Block Inc (NYSE:SQ), lifting exposure in cryptocurrency-linked fintech stocks after the recent slump.

The popular money manager bought 131,328 shares — estimated to be worth $1.75 million — in Robinhood. The stock of the financial platform that deals in stocks, exchange-traded funds and cryptocurrencies closed 0.23% higher at $13.35 a share on Monday.

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