Ark Invest bought $8.7 million worth of COIN stocks this Tuesday and sold an equivalent Bitcoin spot ETF

区块律动BlockBeats
区块律动BlockBeats|Feb 26, 2025 11:06
BlockBeats reported that on February 26, Ark Invest bought 41032 Coinbase shares worth US $8.7 million for its next-generation Internet Exchange Trading Fund (ARKW) on Tuesday, and sold spot bitcoin ETFs worth US $8.6 million against the backdrop of widespread selling in the cryptocurrency market. This is Ark's first purchase of Coinbase stock for its fund since buying COIN worth $2.2 million on October 8th last year. According to the company's disclosure, as of February 25th, COIN is currently the sixth largest shareholder in its ARKW fund, with a weight of 5.5% and a value of approximately $94.4 million.
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