ARK Invest Invests $13.3 Million in Coinbase Shares Amid Market Volatility

ARK Invest recently made a significant move by acquiring approximately $13.3 million worth of Coinbase shares, signaling their strategic approach to portfolio diversification during volatile market conditions. The investment was facilitated through two exchange-traded funds (ETFs), Next Generation Internet ETF and Fintech Innovation ETF, highlighting ARK’s focus on technology and finance in the market. This follows a recent purchase of 41,032 shares, further demonstrating their commitment to Coinbase (COIN) stock.