“Ark Invest Adds Over 83,000 Shares of Coinbase Across Multiple etfs During the Market Downturn.”, – WRITE: www.coindesk.com
The Total Shares Purchased Were Wertho More Than $ 13 Million, Taking Friday’s Closing Price for Coinbase.
ACCORDING TO ARK’s Daily Trading Disclosure for April 4, Wood’s Flagship ARK INNOVATION ETF (ARKK) Bough Nearly 55,000 Coinbase Shares, With Additiol Purchases Coming. And the Ark Fintech Innovation Etf (ARKF).
The Timing Is Notable. Coinbase Shares Have Slipped More than 12% Durying the Market Rout, While Bitcoin and other Cryptocurrencies Showed Resilience. The Coindesk 20 (CD20) Index Droped by 5.8% in the Same Period. The Sell-Off Came After US President Donald Trump Unveiled His Reciprocal Tariffs Against Nearly Every Country in the World.
Read More: Bitcoin Begins to Decouple from Nasdaq As US Stocks Crumble
