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Coinbase jumps 11% after Cathie Wood's ARK funds show $246 million investment in the crypto exchange

1 month ago   |   By Business Insider

Summary List Placement Shares of Coinbase jumped 11% on Thursday following its debut on the Nasdaq Wednesday, after various funds managed by Cathie Wood's ARK Invest snapped up around $250 million worth of shares.
The Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF together bought a total of 749,205 shares of the cryptocurrency exchange during its much-anticipated debut, according to daily fund trading summary data on the fund's website .
While Tesla remains the top holdings of two of its funds - ARKW and ARKK - the star stock picker sold around $170 million...
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Cathie Wood's Ark funds bought Coinbase shares worth about $250 million on its trading debut

Cathie Wood's Ark funds bought Coinbase shares worth about $250 million on its trading debut

1 month ago   |   By Business Insider

Summary List Placement
Three Ark Invest funds bought Coinbase shares worth $250 million on their first day of trading.
Coinbase closed at $328.28 per share, showing a 31% gain on its first day of trading, but 13% below its opening price.
Its market debut ranked as the fifth-largest in terms of retail buying since 2017.
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Cathie Wood's Ark Invest is one of the asset managers betting on newly listed Coinbase's success.
The Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF scooped up a total of...
Read more ...

 

Cathie Wood's Ark funds bought Coinbase shares worth about $250 million on its trading debut

Cathie Wood's Ark funds bought Coinbase shares worth about $250 million on its trading debut

1 month ago   |   By Business Insider

Summary List Placement
Three Ark Invest funds bought Coinbase shares worth $250 million on their first day of trading.
Coinbase closed at $328.28 per share, showing a 31% gain on its first day of trading.
Its market debut ranked as the fifth-largest in terms of retail buying since 2017.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Cathie Wood's Ark Invest is one of the asset managers betting on newly listed Coinbase's success.
The Ark Innovation ETF, Ark Fintech Innovation ETF, and Ark Next Generation ETF scooped up a total of 749,205 Coinbase shares on its...
Read more ...

 


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