Ark Invest increased its holdings of more than $20 million of Coinbase shares through two funds
It is reported that Ark Invest, an asset management company of Cathie Wood, continued to increase its holdings of Coinbase shares in its funds. After the increase on Wednesday, it increased its holdings by 20.5 million dollars yesterday. According to its latest transaction documents, Ark Invest increased its shareholding of 301437 Coinbase shares to Ark Innovation ETF and 52525 Coinbase shares to Ark Next Generation Internet. Shares of Coinbase, a cryptocurrency trading platform, closed down 7.8% to $58.09 on Thursday. According to the closing price, the recent acquisition cost of Ark Invest is about US $20.5 million.
Interpretation of this information:
Ark Invest, an asset management company headed by Cathie Wood, has recently increased its holdings in Coinbase shares, indicating a bullish stance on the cryptocurrency trading platform. The company added $20.5 million to its holdings the day after another increase on Wednesday. The latest transaction documents show that Ark Innovation ETF now holds 301,437 shares of Coinbase, while Ark Next Generation Internet holds 52,525 shares. Despite this vote of confidence from Ark Invest, Coinbase shares closed down 7.8% to $58.09 on Thursday, resulting in a recent acquisition cost for Ark Invest of roughly US $20.5 million.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/40880.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.