ARK Invest Buys $13.4M in Coinbase Shares Amidst Market Dip

Investment giant ARK Invest has made a strategic move during volatile market conditions, purchasing $13.4 million worth of Coinbase shares. This investment is part of an overall strategy that involves shifting from Bitcoin ETFs to favor the growth potential of Coinbase. 83,157 Coinbase shares were acquired across three exchange-traded funds (ETFs). This transaction follows a previous sale of 159,496 shares of ARK 21Shares Bitcoin ETF for $12.4 million, indicating adjustments to ARK’s portfolio in light of market shifts. ðŸ§