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Ark Loads Up on Coinbase Stock, Adds More Than $20 Million Across Two Funds

Cathie Wood's Ark Invest continues to add Coinbase shares to its funds, following up Wednesday's additions with another estimated $20.5 million purchase yesterday. 

Ark Invest added 301,437 Coinbase shares to its Ark Innovation ETF and 52,525 shares to Ark Next Generation Internet, according to its latest trade filing. Shares in the crypto exchange closed down 7.8% to $58.09 on Thursday. Based on the price at the close, Ark's most recent purchase cost around $20.5 million.

(By Adam Morgan McCarthy)

Coinbase tokenized stock FTX Coinbase tokenized stock FTX $87.77
+23.12%
Cathie Wood Ark Invest Coinbase
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