Ark Invest Buys $16.5 Million of Coinbase (COIN) Stock as Cathie Wood Signals Potential Crypto Rally
Ark Invest purchased 62,166 Coinbase shares worth $16.5 million, marking its largest COIN acquisition since August.
Track the latest news on Ark Invest, including ETF performance, market outlooks, and bold bets on disruptive tech. Stay informed on Cathie Wood’s investment strategies across crypto, AI, and innovation sectors.
Ark Invest purchased 62,166 Coinbase shares worth $16.5 million, marking its largest COIN acquisition since August.
Cathie Wood’s Ark Invest has made a massive acquisition of $39 million worth of Bullish, Circle, and BitMine shares.
Ark Invest purchased nearly $10 million worth of Bullish (BLSH) shares across three ETFs, marking its third major acquisition this month.
Cathie Wood’s ARK Invest scooped up shares of Circle Internet Group, BitMine Immersion Technologies, and Bullish across three ETFs.
The Cathie Wood-led Ark Invest has plunged $21 million into the acquisition of Robinhood shares.
Ark Invest has filed multiple new Bitcoin ETF applications with the SEC, introducing yield-focused and downside-protected funds.
Cathie Wood’s Ark Invest purchased over 160,000 shares of Bullish (BLSH), totaling $8.21 million across its ARKK and ARKW ETFs.
Ark Invest shared its September 8 daily trade disclosure, which showed that it had cut down on Robinhood stocks and acquired BitMine stock instead.
Bullish (BLSH) stock has dropped 32% since its IPO debut, with Cathie Wood’s Ark Invest seizing a buy-the-dip opportunity.
Ark Invest doesn’t hesitate to join the race in purchasing the newly launched Bullish stock.
ARK Invest acquired 262,463 shares of Jack Dorsey’s Block Inc. (NYSE: XYZ), coinciding with the latter’s recent push towards Bitcoin (BTC) adoption.
ARK Invest has recently offloaded shares of Coinbase (COIN) and Block (XYZ) across its active ETFs.
Ark Invest sold off $6.5 million worth of Coinbase shares, $5.8 million Robinhood shares, and $1.7 million Block Inc. shares amid a broader crypto market rally.
ARK Invest has trimmed its Circle holding by selling off $51.8 million worth of these shares across its 3 actively managed ETFs.
ARK Invest bought a $9.4 million stake in eToro as the Israel-based company made its debut on Nasdaq via IPO.