Cathie Wood’s Ark Invest Loads $13 Million of Coinbase Stock, COIN Price Reversal Soon?

Quick Summary:

As the Coinbase share price tanked under $150 in the recent Wall Street rout, Cathie Wood’s Ark Invest took the opportunity to buy the dips.

The asset manager purchased a total of 84,514 COIN shares on Monday, worth $13.3 million, across two of its exchange-traded funds.

Similarly, the ARK Fintech Innovation ETF (ARKF) added 19,708 Coinbase shares, worth around $3.1 million.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaChina

Topics: Cathie Wood Ark Invest Coinbase (COIN) 24/7 Cryptocurrency News Brian Armstrong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 10:57:33 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27723639

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