Cathie Wood's Ark Invest Buys $8.4 Million in Coinbase Stock Amid Price Drop Following Debate
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September 12, 2024
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Ark Invest Buys Coinbase Stock
Mars Finance reports that Ark Invest has purchased 38,475 shares (worth $6 million) of Coinbase for its Innovation ETF (ARKK), 9,349 shares (worth $1.5 million) for its Next Generation Internet ETF (ARKW), and 5,884 shares (worth $925,000) for its FinTech Innovation ETF (ARKF).
This is the first time Ark has bought or sold Coinbase shares for its funds since its $21.8 million acquisition in early August, coinciding with a crypto market downturn that saw Bitcoin drop below $55,000.
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