Cathie Wood's Ark Invest Buys the Dip on Coinbase and Robinhood—Both Now Surging

Now, though, shares of both are rebounding, jumping around 13% and 9% respectively since the opening bell amid rising cryptocurrency prices. The stocks are still down about 33% and 19% respectively in the last six months.

Prior to Wednesday’s opening, the firm held around $343 million worth of shares in COIN and $340 million in HOOD.