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Cathie Wood’s ARK Buys Coinbase Shares Worth $17.8 Million

Cathie Wood’s investment firm, ARK Invest, bought 268,928 Coinbase [BASE] shares worth $17.88 million on 24 March through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds.

Only two days ago, on 22 March, ARK Invest had sold 160,887 Coinbase shares worth $13.5 million. In 2023, this was the first time any of ARK Invest’s ETFs sold Coinbase shares.

Soon after this transaction, the crypto exchange said that it has received a Wells notice from the United States Securities and Exchange Commission (U.S. SEC) recommending the regulator to take enforcement action.

(By Suzuki Shillsalot)

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