๐ **Ark Invest Goes All-In on Coinbase Amid Market Turbulence!** ๐
In a bold move during Monday's market chaos, Cathie Woodโs Ark Invest snapped up 93,797 shares of Coinbase (COIN), worth a whopping $17.8 million! This marks their first COIN purchase since June 2023, after months of selling.
Ark Invest made these buys through three ETFs: ARKK, ARKF, and ARKW. The largest chunk, 65,165 shares, went to ARKK.
Despite the market dip, Ark sees this as a golden opportunity, with COIN prices rebounding slightly. While the broader market wobbles, Arkโs bullish stance on crypto shines through! ๐