In an interview with Bloomberg, Cathie Wooden, CEO and Chief Funding Officer of ARK Make investments, just lately mentioned why its flagship fund, Ark Innovation (ARKK), is bolstering its place in Coinbase shares (NASDAQ:) after the Securities and Alternate Fee (SEC) sued Binance, one among Coinbase’s largest opponents.
ARKK bought almost 330.00 shares of COIN on June 6, 2023, worth about $17 million on the time, based on disclosure statements. Two different exchange-traded funds (ETFs), Ark Fintech Innovation ETF and Ark Subsequent Technology Web ETF, additionally added 35,700 shares (price $1.8 million) and 53,900 shares (price $2.8 million), respectively.
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