Ark Invest Buys Coinbase Amidst Crypto Market Recovery

Cathie Wood’s investment firm, Ark Invest, recently increased its holdings in Coinbase following a market downturn. They added approximately $7.5 million to their Ark Innovation ETF (ARKK), increasing their stake in the exchange to $409.6 million. This move follows similar additions made on November 26th and reflects Ark’s active rebalancing strategy based on Coinbase’s volatility. The firm’s investments, including Coinbase, are adjusted based on their impact within the broader crypto market.