Exchange traded funds ARK Invest bought Coinbase shares at $246 million – Bits Media

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Биржевые фонды ARK Invest купили акции Coinbase на $246 млн - Bits Media

Three exchange-traded funds (ETF) ARK Invest bought 749 205 Coinbase Global shares (COIN) totaling about $246 million. The founder of the company, Catherine Wood, has repeatedly appeared in favor of cryptocurrencies.

ARK Invest, one of the largest investment management companies, is increasing investments in cryptocurrency industry. Yesterday passed
прямой листинг биржи Coinbase на Nasdaq, and three ETFs managed by ARK Invest
acquired 749,205 shares of the company. ARK Innovation ETF (ARKK) now owns 512 535 with COIN shares, ARK Next Generation Internet ETF (ARKW) I bought 147 081 share, а ARK Fintech Innovation ETF (ARKF) bought 89 589 shares.

ARK ETFs weren't the only ETFs, paying attention to COIN, и ETF Amplify Transformational Data Sharing (BLOK) also acquired a significant number of shares. BLOK – one of the most active ETFs, related to the cryptocurrency industry: seven of the ten largest fund companies operate in the blockchain industry and account for one third of its entire portfolio.

Прямой листинг Coinbase состоялся 14 april, the company's shares debuted on the Nasdaq at a price $381. After the start of trading, the stock quickly rose by 12.5% to $429.54, which for a short time led to a rise in the company's value higher $112 billion. Then the COIN price fell and found support at about $315. Trading closed at the share price in $345.51.

Exchange traded funds ARK Invest bought Coinbase shares at $246 million - Bits Media

ARK Invest was founded by Catherine Wood (Catherine Wood) in 2014 year. ARKW Foundation has grown by 161% for the last year, while ARKK grew by 152%, а ARKF – on 138%. This week, Catherine Wood stated, that bitcoin could be the new gold standard, as its purchasing power is constantly increasing.