Cathie Wood-led investment firm Ark Invest buys $8.4 million worth of Coinbase shares as shares fall after debate

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MarsBit
09-12
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According to Mars Finance, 38,475 shares (US$6 million) were purchased for its Innovation ETF (ARKK), 9,349 shares (US$1.5 million) were purchased for its Next Generation Internet ETF (ARKW), and 5,884 shares (US$925,000) were purchased for its Fintech Innovation ETF (ARKF).

This is the first time Ark has bought or sold Coinbase shares for its fund since it acquired $21.8 million worth of Coinbase in early August, at a low point in the cryptocurrency market when the price of Bitcoin fell below $55,000.

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