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Ark Invest Added $350M In Coinbase Shares, What Can We Expect?

Ark invest added $350 million in Coinbase shares while its CEO Cathie Wood has proven to be a huge fan of blockchain technology and crypto. But what does this investment mean for the market, let’s read more in our latest coinbase stock news. Ark Invest was the first public fund to invest in BTC back in 2015 via its Grayscale Bitcoin Trust. With the cryptocurrency exchange giant Coinbase direct listing earlier this week on Nasdaq, Wood’s Ark Invest added $350 million in shares. In their end-of-the-week report, we can read that Ark Invest disclosed that they purchased 341,186 shares, and…

Continue Reading Ark Invest Added $350M In Coinbase Shares, What Can We Expect?

ARK buys $246M of Coinbase stock, adds COIN to three ETFs

ARK Invest has spread nearly 750,000 COIN shares across three of its ETFs. Three exchange-traded funds offered by Cathie Wood’s ARK Invest purchased 749,205 shares in Coinbase Global, Inc (COIN) worth roughly $246 million combined. The ARK Innovation ETF (ARKK) now holds 512,535 COIN shares, while the ARK Next Generation Internet ETF (ARKW) purchased 147,081 shares, and the ARK Fintech Innovation ETF (ARKF) bought 89,589. ARK’s funds were not the only ETFs accumulating COIN, with the Amplify Transformational Data Sharing ETF (BLOK) also getting in on the action. BLOK is among the most active ETFs in the crypto space, with…

Continue Reading ARK buys $246M of Coinbase stock, adds COIN to three ETFs

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