Cathie Wood’s Ark Invest has purchased $18.4 million worth of Coinbase shares across three ETFs, even as the crypto exchange’s stock has fallen nearly 13% over the past month. According to Ark Invest’s Wednesday trading disclosure, the investment firm acquired…
Ark Invest's strategic shift highlights a preference for undervalued crypto assets, signaling potential market confidence in Coinbase's future growth.
The trades came as Coinbase's stock closed down 2.57% at $164.92 on Wednesday, while Robinhood gained 8.78%.
