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.