Cathie Wood's Ark Invest Grabs More Than Half a Million Coinbase Shares as Exchange's Stock Plummets

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Cathie Wood's Ark Invest Grabs More Than Half a Million Coinbase Shares as Exchange's Stock Plummets
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Cathie Wood's ARKInvest bought more than 500,000 shares of coinbase, as the the crypto exchange's stock plummeted. GregAhl reports.

Three funds of Cathie Wood’s ARK Investment Management bought a combined total of 546,579 shares of Coinbase Global , Ark said in an email on Thursday. Coinbase shares were down 26.4% to $52.35 in post-market trading on Wednesday.ARK Next Generation Internet ETF, or ARKW, bought 62,602 shares, making Coinbase 0.2397% of the fund's investment.

ARK Fintech Innovation ETF, or ARKF, bought 123,122 Coinbase shares, comprising 0.7747% of the fund's investment.Austin, Texas

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