ARK Invest buys $17.77 million COIN, $11.19 million HOOD as BTC fell under $50k

Cathie Wood’s ARK Invest has started purchasing stocks of Coinbase and Robinhood again during a significant downturn in the market, marked by Bitcoin falling momentarily below $50,000. On Aug. 5, ARK Invest acquired 93,797 shares of Coinbase Global Inc. (COIN)…