2023-06-08
On June 7, Cathie Wood the fund
manager of Ark Invest bought 419,324 shares ($21.6 million) worth of Coinbase
shares at approximate price of $51.61. Cathie Wood used this situation to buy
on dip, following The U.S. SEC filed lawsuit against Coinbase.
Ark Invest currently holds 11,776,015
Coinbase shares. Ark’s Coinbase holding ranks sixth largest stock in ARK Innovation
ETF, its flagship fund.
Coinbase shares will be allocating to 3
funds include:
ARK’s Innovation ETF.
ARK’s Next Generation ETF.
ARK’s Fintech Innovation ETF.
