Cathie Wood’s ARK Buys $21.6M Coinbase Shares as SEC Suit Sends COIN Prices Tumbling

https://www.coindesk.com/markets/2023/06/07/cathie-woods-ark-buys-216m-coinbase-shares-as-sec-suit-sends-coin-prices-tumbling/

ARK bought 419,324 shares of Coinbase, worth around $21.6 million based on Tuesday’s closing price of $51.61. The buy was split across ARK’s Innovation ETF (NYSE:ARKK), the Next Generation Internet ETF (NYSE:ARKW), and the Fintech Innovation ETF (NYSE:ARKF).