Cathie Wood’s investment management firm Ark Invest further increased its exposure in Coinbase Global Inc COIN-0.44% on Tuesday as shares of the cryptocurrency exchange desk continued to trade much below the reference price set during its blockbuster listing in April. Ark Invest snapped up 108,527 shares — estimated to be worth $25.87 million — in Coinbase.

Shares of Coinbase, the largest cryptocurrency exchange in the U.S., closed 0.82% higher at $238.46 on Tuesday. Coinbase shares have sunk about 8% so far this month and are down 27.4% since its public listing in April.

The U.S.-based cryptocurrency exchange on Monday unveiled its Coinbase Prime brokerage platform meant exclusively for institutions to trade cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

Two of Ark Invest’s active ETFs bought shares in Coinbase on Tuesday — the Ark Innovation ETF ARKK+0.91% and the Ark Next Generation Internet ETF ARKW+1.03% . The Ark Fintech Innovation ETF ARKF+0.69% too owns shares in Coinbase.

The three ETFs have piled up about 6.07 million shares— worth $1.43 billion —in Coinbase ahead of Tuesday’s trades.

Here are some of the other key trades for Ark on Tuesday:

• Bought 323,409 shares — estimated to be worth $13.67 million — in Robinhood Markets Inc. Shares closed 3.91% higher at $42.29 on Tuesday.
• Sold 21,827 shares — estimated to be worth $5.48 million — in Square Inc. Shares of the Jack Dorsey-led company closed 0.43% higher at $251.30.
• Bought 83,958 shares — estimated to be worth $26.78 million — in Roku Inc, on the day shares closed 0.95% higher at $319.
• Sold 6,000 shares — estimated to be worth $1.27 million — in NVIDIA Corp. Shares of the company closed 0.63% higher at $212.46. NVDA+1.43%+ Free Alerts ROKU+2.64%+ Free Alerts SQ+2.23% HOOD-2.07%

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