Cathie Wood-led ARK Invest Buys Coinbase, Trails Only SpaceX Among Friday's Top Buys

• ARK Invest purchased shares of Coinbase Global in three ETFs: ARKF, ARKK, and ARKW on Friday.
• On the same day, ARK sold Advanced Micro Devices and Deere & Co from ARKK, ARKQ, and ARKX.
• The largest single trade by weight was the sale of Roku from ARKW, accounting for about 0.31% of the fund.

ARK Invest bought Coinbase Global (COIN) shares in three exchange-traded funds on Friday, second only to SpaceX (SPCX) as the most popular name across the fund family that day.

COIN was bought in ARKF, ARKK and ARKW at a similar weighting of about 0.15% of each fund’s holdings. SpaceX was the most bought stock of the day by fund count, with four funds — ARKK, ARKQ, ARKW and ARKX — purchasing the stock.

COIN stock closed over 0.4% on Friday. On Stocktwits, retail sentiment around COIN remained in the ‘neutral’ zone, while chatter stayed at ‘normal’ levels over the past day. 

That purchase follows ARK disclosing on Thursday that it was selling Robinhood Markets (HOOD) from ARKK while buying Circle Internet Group (CRCL) across ARKK, ARKW and ARKF, signalling more rotation among crypto-adjacent names across the fund family this week. This comes on the heels of Circle stock rebounding from its three-month low after the OCC National Trust Bank approval on Thursday.

AMD, Deere Trimmed As Roku Selling Extends To Second Day 

On Friday, ARK sold Advanced Micro Devices (AMD) and Deere & Co (DE) across three funds each: ARKK, ARKQ and ARKX. X-Energy (XE) was purchased in all four of the same funds that invested in SpaceX. 

The biggest single trade by weight was a sale of Roku (ROKU) from ARKW, making up around 0.31% of the fund. Roku was also sold from ARKW and ARKF in the July 9 disclosure, which was the second consecutive day of selling in the name.

Friday’s disclosure saw nine trades in ARK Genomic Revolution ETF (ARKG), the most active single fund. The fund bought Ionis Pharmaceuticals (IONS), Recursion Pharmaceuticals (RXRX), Compass Pathways (CMPS), Prime Medicine (PRME), Tempus AI (TEM), Generate Biomedicines (GENB) and Alamar Biosciences (ALMR) and sold Twist Bioscience (TWST), Personalis (PSNL) and BioNTech (BNTX).

Read also: Blockstream's CEO Adam Back Says Bitcoin Rejected A Contested Upgrade And Won't Change Its Mind

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