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ARK Invest, a cryptocurrency investment firm founded by Bitcoin (BTC<\/a>) advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day the latter announced its exit from crypto.<\/p>\n On Nov. 29, ARK bought 200,275 SOFI shares to allocate to its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. The amount is worth $1.47 million, based on SOFI\u2019s closing price on Nov. 29, or $7.35 a share, according<\/a> to data from TradingView.<\/p>\n ARK\u2019s latest SOFI purchase came on the day SoFi Technologies officially announced<\/a> its decision to terminate cryptocurrency services by Dec. 19, 2023.<\/p>\n \u201cAfter careful consideration, we\u2019ve made the decision to discontinue our crypto services by the end of this year,\u201d SoFi said, directing its customers to migrate their crypto holdings to the online crypto wallet Blockchain.com.<\/p>\n ARK has been actively buying SoFi shares<\/a> throughout the year, buying a total of 1,772,991 SOFI for ARKF so far. ARKF\u2019s SoFi exposure is worth around $13 million at today\u2019s prices.<\/p>\n Related: <\/em><\/strong>Binance will end support for BUSD stablecoin in December<\/em><\/strong><\/a><\/p>\n SoFi stock has seen some volatility in 2023, surging to $11.45 in July after starting the year at just $4.5. SoFi shares have been gradually declining since then, dropping below $7 in mid-November.<\/p>\n In addition to buying SoFi, ARK has been actively buying Robinhood (HOOD) shares, bagging 221,759 HOOD on Nov. 29. Robinhood\u2019s trading app allows one to buy and trade cryptocurrencies like Bitcoin in the United States. The platform officially announced plans to expand its business into the U.K.<\/a> on Nov. 30, without mentioning whether cryptocurrency would be part of the offering.<\/p>\n While buying SoFi and Robinhood, ARK has continued to sell the Coinbase (COIN) stock. On Nov. 29, ARK sold around 38,000 COIN shares from the ARKF ETF, totaling nearly $5 million.<\/p>\n ARK did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n