Cathie Wood’s Ark Invest Buys Coinbase Despite Market Downturn

Despite global markets experiencing a sharp decline at the start of the week, Cathie Woods’ ARK Invest defied market trends by increasing investments in tech and crypto-linked companies. On Monday, ARK Invest purchased an additional $13.3 million worth of shares in Coinbase, signaling continued confidence in high-growth businesses. 2 funds, ARK Next Generation Internet ETF (ARKW) acquired 64,806 Coinbase shares, while the other fund, the ARK Fintech Innovation ETF (ARKF), bought 19,708 shares valued at about $3.1 million. This brings Ark Invest’s total investment in Coinbase to $26.6 million since President Trump announced new tariffs on April 2nd, causing a significant market downturn.