Ark Invest has increased its Coinbase exposure, signaling renewed confidence in the crypto exchange’s long-term outlook. The Cathie Wood-led investment firm purchased 41,453 Coinbase shares across three exchange-traded funds on Tuesday, according to its latest trade disclosures. The total buy amounted to approximately $6.9 million. The firm allocated 29,689 shares,
Cathie Wood-led Ark Invest bought additional shares of Bullish on Monday as the stock posted a sharp rally alongside broader strength in equity markets. This move reflects Ark’s continued confidence in crypto-related equities, even in the presence of volatility in the prices of digital assets. According to Ark’s disclosure of
ARK Invest, led by Cathie Wood, has just adjusted its crypto ETFs position by buying about 716,000 shares of Bullish, which is worth around $17 to $18 million, while selling 119,000 shares of Coinbase, which is worth around $17.4 million. The trades were executed across three ETFs: ARK Innovation ETF,
