ARK Invest's ARKF increased its holdings of SOFI shares by US$1.47 million
On November 29, ARK Invest purchased 200,275 shares of SOFI stock, allocated to its ARK Fintech Innovation ETF (ARKF). According to TradingView data, based on SOFI's closing price on November 29, the amount was worth $1.47 million, or $7.35 per share. The purchase by ARK occurred on the same day that SoFi Technologies officially announced its decision to terminate cryptocurrency services by December 19, 2023. SoFi stated that after careful consideration, we have decided to discontinue our cryptocurrency services by the end of this year and instructed its customers to transfer their holdings to the online cryptocurrency wallet Blockchain.com.
ARK has been actively purchasing SOFI stock throughout the year and has purchased a total of 1,772,991 shares of SOFI for ARKF to date. Based on today's prices, SOFI's risk value for ARKF is approximately $13 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Makes Bold $ETH Move After $30M Profit
After banking $30M from ETH, a smart whale buys back at a higher price. Is another win in the making?A Surprising Re-EntryWhat’s Next for Ethereum?

PayPal Brings PYUSD Stablecoin to Stellar Network
PayPal expands its PYUSD stablecoin to Stellar, adding to Ethereum and Solana options for faster and cheaper transactions.Why Stellar? Speed, Cost, and AccessibilityStrengthening PYUSD’s Role in Web3

Scott Bessent Backs T-Bill Stablecoins for USD Growth
Treasury Sec. Bessent sees T-bill-backed stablecoins as key to expanding USD use globally.Why T-Bill-Backed Stablecoins MatterA $2 Trillion Opportunity — And Growing

BlackRock Buys 58K ETH in Major ETF Move
BlackRock spot ETF acquired 58,100 ETH worth $163.6M on June 11, signaling strong institutional confidence in EthereumWhy This Matters for EthereumWhat’s Next for the Market?

Trending news
MoreCrypto prices
More








