Ark Invest sold 275K Robinhood shares into an 8.78% surge while buying 111K Coinbase and 236K Block shares on Wednesday, June 17, 2026.

Robinhood (HOOD) stock surges 12% following a $110 analyst price target lift and a strategic 10% workforce reduction plan.

The trades came as Coinbase's stock closed down 2.57% at $164.92 on Wednesday, while Robinhood gained 8.78%.