Cathie Wood`s Ark ETFs bought almost $18 million in Coinbase shares just days after the funds ended a months-long buying spree by divesting $13 million in the company`s stock.
The Ark Innovation ETF added 230,599 Coinbase shares on March 23, while Ark Next Generation Internet ETF added 38,329 shares. At market's close, the trades were worth $17.8 million.
Coinbase took a battering on Thursday, with its shares down more than 14% at the close of trading. The company has faced its share of travails this week, with its share price tumbling after the U.S. Securities and Exchange Commission issued it a warning — known as a Wells notice — over its staking service, Coinbase Earn and Coinbase Wallet.
Earlier in the day, Coinbase CEO Brian Armstrong took to a Twitter live chat to object to the SEC's action. "In a way we're happy to go to court," The Block previously reported, "if that's what it takes to finally get some case law developed for this industry."
Source: theblock.co
| Coin | Change(%) | Price | Volume (24h) |
|---|---|---|---|
| Ethereum Meta (ETHM) | -0.95 | $0.000878 | $31242.5B |
| Bitcoin (BTC) | -1.40 | $87,430.05 | $17.8B |
| Ethereum (ETH) | -0.43 | $2,967.03 | $7.9B |
| USD Coin (USDC) | 0 | $0.999608 | $3.6B |
| Solana (SOL) | -0.83 | $124.491474 | $2.0B |
| XRP (XRP) | -1.77 | $1.843341 | $1.3B |
| Binance Coin (BNB) | -0.04 | $859.45 | $980.2M |
| TRON | -0.53 | $0.283632 | $833.4M |
| Dogecoin (DOGE) | -4.41 | $0.118584 | $814.8M |
| ZCash (ZEC) | -4.49 | $507.581004 | $782.3M |