Cathie Wood’s Ark Invest took advantage of the market downturn on Monday, buying 84,514 shares of Coinbase across two ETFs, totaling around $13.3 million. The ARK Next Generation Internet ETF (ARKW) picked up 64,806 shares, while the ARK Fintech Innovation ETF (ARKF) added 19,708 shares. Following the move, Coinbase now ranks as the second-largest holding in ARKF at 7.65% and the fourth-largest in ARKW at 5.92%, highlighting Ark’s strong confidence in the crypto exchange.
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