Ark Invest Aggressively Adds $69,000 Worth of Coinbase Stock

According to newly disclosed transactions, Ark Invest significantly added Coinbase shares to its portfolio through three of its ETFs this week, totaling about $69,000 worth of shares.

Breakdown of Purchases

• Innovation ETF (ARKK): 29,689 shares, roughly $4.9 million
• Next Generation Internet ETF (ARKW): 7,525 shares, approximately $1.2 million
• ARK Fintech Innovation ETF (ARKF): 4,239 shares, around $704,000

This move signals renewed confidence in Coinbase's long-term potential, reversing previous reductions made at the start of the month.

Current Weighting in Portfolios

• ARKK Fund: 4%
• ARKW Fund: 3.7%
• ARKF Fund: 5.6%