Funds managed by ARK Invest bought in addition securities of the American bitcoin exchange Coinbase for $8.3 million.
Organizations have allocated assets as follows:
- flagship fund ETF ARK Innovation — 129,604 shares for $6.4 million;
- ARK Next Generation ETF – 23,456 shares for $1.1 million;
- TF ARK Fintech Innovation – 15,809 shares for $790,000.
Venture capital company Cathy Wood purchased the securities at a rate of $49.97.
Funds ramped up positions a day after Coinbase was sued for violating privacy laws due to procedure KYC.
Over the past 24 hours, the shares of the crypto exchange have noticeably sank, falling by 10.5% – from $54.21 to $48.49. At the time of writing, their rate has recovered to $50.14.
ARK Invest resumed buying Coinbase shares in October 2022 after a pause of four months. The company consistently increased its positions in securities and only in March 2023 got rid of the $13.5 million stake.
Recall that at the end of April, Kathy Wood funds bought additional securities of the trading platform for $ 8.6 million. The transaction occurred on the same day that Coinbase filed a legal complaint regarding SEC.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Funds managed by ARK Invest bought in addition securities of the American bitcoin exchange Coinbase for $8.3 million.
Organizations have allocated assets as follows:
- flagship fund ETF ARK Innovation — 129,604 shares for $6.4 million;
- ARK Next Generation ETF – 23,456 shares for $1.1 million;
- TF ARK Fintech Innovation – 15,809 shares for $790,000.
Venture capital company Cathy Wood purchased the securities at a rate of $49.97.
Funds ramped up positions a day after Coinbase was sued for violating privacy laws due to procedure KYC.
Over the past 24 hours, the shares of the crypto exchange have noticeably sank, falling by 10.5% – from $54.21 to $48.49. At the time of writing, their rate has recovered to $50.14.
ARK Invest resumed buying Coinbase shares in October 2022 after a pause of four months. The company consistently increased its positions in securities and only in March 2023 got rid of the $13.5 million stake.
Recall that at the end of April, Kathy Wood funds bought additional securities of the trading platform for $ 8.6 million. The transaction occurred on the same day that Coinbase filed a legal complaint regarding SEC.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
