Summary
- Ark Invest reported that it purchased 84,514 shares of Coinbase for $13.3 million.
- The purchased shares now represent the fourth largest holding in the ARKW fund, with a weight of 5.92%.
- In the ARKF fund, Coinbase stock is the second largest holding, with a weight of 7.65%.
Ark Investment, led by 'Money Tree Sister' Cathie Wood (pictured), has significantly increased its holdings in the U.S. cryptocurrency exchange Coinbase.
According to The Block on the 8th, Ark Investment purchased 84,514 shares of Coinbase through two exchange-traded funds (ETFs) on the previous day (7th). The shares acquired by Ark Investment amount to $13.3 million.
With this purchase, Coinbase stock now accounts for 5.92% of the ARKW fund managed by Ark Investment. It is the fourth largest holding in this ETF. In another ETF, the ARKF fund, Coinbase stock accounts for 7.65% of the weight. In terms of fund weight, it is the second largest.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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