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) |
---|---|---|---|
Bitcoin (BTC) | 3.71 | $72,084.86 | $45.5B |
Ethereum (ETH) | 3.43 | $4,038.91 | $20.8B |
XRP (XRP) | 18.52 | $0.727106 | $4.4B |
Solana (SOL) | 1.58 | $147.242060 | $3.8B |
Binance Coin (BNB) | -2.22 | $519.52 | $3.0B |
USD Coin (USDC) | 0.03 | $0.999697 | $2.4B |
Dogecoin (DOGE) | 0.96 | $0.174374 | $2.1B |
Shiba Inu (SHIB) | -2.92 | $0.000033 | $1.7B |
Floki Inu (FLOKI) | -7.67 | $0.000267 | $1.3B |
Avalanche (AVAX) | 13.16 | $47.596296 | $1.2B |