Cathie Wood's Ark Invest purchased $13.4 million worth of 83157 Coinbase shares on Friday, taking advantage of a 5% drop in Coinbase (COIN) stock price in a week, and included them in its three ETF funds. Among them, the ARK Innovation ETF (ARKK) bought 54988 shares (worth $8.8 million), accounting for 7.5% of the fund. COIN is currently the second largest holding in ARKF, accounting for 9.4%. Affected by market turbulence, Coinbase's market value has fallen below $30 billion for the first time since September 2024. Ark Invest also purchased $16 million worth of Coinbase stock in March. (TheBlock) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40540