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ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again. The company aims to avoid having one particular holding accounting for a weighting of more than 10% of any of its exchange-traded funds (ETFs), which drove much selling of COIN in recent months.

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