Ark Invest Adds $350 Million In Coinbase Shares: A Crypto Bull Case? 


Throughout the years, ARK Invest CEO Cathie Wood has been a fan of blockchain technology and cryptocurrencies. In fact, Ark was the first ever public fund to invest in Bitcoin back in 2015 through the Grayscale Bitcoin Trust (GBTC). With cryptocurrency exchange giant Coinbase direct listing on the NASDAQ earlier last week, Wood’s various ARK funds added over $110 million in Coinbase shares. In their end of week report for April 15, Ark Invest disclosed that they bought 341,186 shares. These shares were purchased across three funds – the premier ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK NExt Generation Internet ETF (ARKW). More specifically, ARKK purchased 282,894 COIN shares, whereas ARKF and ARKW added 33,092 and 25,200 shares, respectively. This latest purchase brings ARK’s total Coinbase holdings to over 1 million shares. This is because on Wednesday, when $COIN first began trading on the market, ARK…

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