Cathie Wood's investment management firm ARK Invest bought nearly $2.2 million worth of Coinbase (COIN) shares in its first purchase of stock in the crypto exchange since Sept. 11.
ARK added 12,994 COIN shares to its Fintech Innovation ETF (ARKF) on Tuesday. COIN closed the day 0.73% lower at $167.69. ARKF now contains around $67 million worth of COIN stock, a 7.43% weighting of the fund's total value.
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