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Ark Invest invested in Coinbase shares for the second day in a row

by Vaibhav
May 3, 2023
in News
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Kathy Wood called bitcoin the best financial insurance
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Funds controlled by Ark Invest for the second day in a row bought in addition securities of the cryptocurrency exchange Coinbase – today at $ 7.5 million.

Prior to this, the venture organization acquired shares in the trading platform for $8.3 million.

The Cathy Wood Foundations have distributed assets as follows:

  • flagship ETF ARK Innovation – 112,949 shares for $5.8 million;
  • ETF ARK Next Generation – 20,313 shares for $1 million;
  • TF ARK Fintech Innovation – 13,875 shares for $712,000.

The company purchased Coinbase securities at a rate of $51.31. At the time of writing, the asset is trading below $50.

See also  Transaction fees will bring DAO Arbitrum more than 3350 ETH in revenue
Snimok-ekrana-2023-05-03-v-16.09.08
NASDAQ COIN/USD hourly chart. Data: Trading View.

At the end of April, Kathy Wood funds bought $8.6 million worth of trading platform securities. The transaction occurred on the same day that Coinbase filed a legal complaint regarding SEC.

Recall that in early May, Coinbase user Michael Mussel filed a lawsuit against the company for violating privacy laws due to the procedure KYC.

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Katie_Wood-min

Funds controlled by Ark Invest for the second day in a row bought in addition securities of the cryptocurrency exchange Coinbase – today at $ 7.5 million.

See also  crisis pushed bitcoin out of the bear market

Prior to this, the venture organization acquired shares in the trading platform for $8.3 million.

The Cathy Wood Foundations have distributed assets as follows:

  • flagship ETF ARK Innovation – 112,949 shares for $5.8 million;
  • ETF ARK Next Generation – 20,313 shares for $1 million;
  • TF ARK Fintech Innovation – 13,875 shares for $712,000.

The company purchased Coinbase securities at a rate of $51.31. At the time of writing, the asset is trading below $50.

Snimok-ekrana-2023-05-03-v-16.09.08
NASDAQ COIN/USD hourly chart. Data: Trading View.

At the end of April, Kathy Wood funds bought $8.6 million worth of trading platform securities. The transaction occurred on the same day that Coinbase filed a legal complaint regarding SEC.

See also  Binance Supports Bitcoin Lightning Network Withdrawals

Recall that in early May, Coinbase user Michael Mussel filed a lawsuit against the company for violating privacy laws due to the procedure KYC.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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