ARK Invest, led by Cathie Wood, purchased a total of 41,453 Coinbase (COIN) shares on Tuesday across three of its ETFs, for a total value of approximately $6.9 million. ARKK bought 29,689 shares (about $4.9 million), ARKW bought 7,525 shares (about $1.2 million), and ARKF bought 4,239 shares (about $704,000). This purchase reverses an earlier reduction in COIN holdings earlier this month.
ARK Invest, led by Cathie Wood, acquired 41,453 Coinbase shares across three ETFs on Tuesday, totaling approximately $6.9 million. The buys were distributed as 29,689 shares in ARKK, 7,525 in ARKW, and 4,239 in ARKF. This move reverses earlier reductions in COIN holdings this month as Ark reallocates capital across its crypto-focused ETF lineup.
The action reflects Ark’s ongoing active management of its COIN exposure across its ETFs. The purchases underscore ongoing institutional interest in Coinbase within Ark’s ETF strategy, signaling continued conviction in COIN’s role in the crypto ecosystem. Investors will monitor COIN’s performance as Ark’s funds continue to adjust exposure across ARKK, ARKW, and ARKF.
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