Cathie Wood's ARK Invest Buys $2.2M of Coinbase Shares
Summary
ARK Invest purchased nearly $2.2 million worth of Coinbase (COIN) shares, adding 12,994 shares to its Fintech Innovation ETF (ARKF). COIN closed at $167.69, with ARKF now holding around $67 million in COIN stock, representing 7.43% of the fund's total value. COIN has increased by about 6.5% since ARK's last purchase but is still 20% lower since late August. ARK sold 135,665 shares of Robinhood (HOOD), worth nearly $3.5 million, to comply with SEC rules limiting exposure to certain securities. HOOD shares rose nearly 10% to $25.61.
