Ark Invest Returns To Coinbase After Sell-Off As Stock Surges
Cathie Wood’s ARK Invest moved back into Coinbase Global shares at the end of the week after recently trimming exposure across several exchange-traded funds. The asset manager accumulated stock across its flagship ARK Innovation, Next Generation Internet, and Fintech Innovation funds in a coordinated buying move. ARK purchased 66,545 shares through ARKK, added 16,832 through ARKW, and picked up 9,477 more via ARKF according to daily trade disclosures released by the firm. The combined transaction represented roughly $15 million in additional exposure to the cryptocurrency exchange operator
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