Ark Invest Buys 7.5 Million of Coinbase Shares

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Last Updated on May 3, 2023 by Bitfinsider

Ark Invest bought approximately $7.5 million worth of shares of the cryptocurrency exchange Coinbase for the second day in a row.

Yesterday, Ark’s Innovation exchange-traded fund added 112,949 shares, which at current prices are worth approximately $5.8 million. Simultaneously, the American investment management firm’s Next Generation Internet ETF gained 20,313 shares valued at over $1 million, while its Fintech Innovation ETF gained 13,875 shares valued at over $712,000. Today, a trade notification containing details about the acquisitions was disseminated.

The day prior, Ark Invest acquired approximately $8.4 million worth of Coinbase shares. Afterward, the company had added 129,604 Coinbase shares to its Innovation ETF. It had also added 23,456 and 15,809 shares to its Next Generation Internet ETF and Fintech Innovation ETF, respectively.

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