{"id":78232,"date":"2023-05-03T16:14:35","date_gmt":"2023-05-03T13:14:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78232"},"modified":"2025-09-11T03:51:45","modified_gmt":"2025-09-11T00:51:45","slug":"ark-invest-buys-coinbase-shares-for-a-second-consecutive-day","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ark-invest-buys-coinbase-shares-for-a-second-consecutive-day\/","title":{"rendered":"ARK Invest buys Coinbase shares for a second consecutive day"},"content":{"rendered":"<p>ARK Invest-controlled funds bought more Coinbase securities for a second day running \u2014 today for $7.5 million.<\/p>\n<p>Prior to that, the venture firm purchased shares of the trading platform <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-puts-another-8-3-million-into-coinbase-shares\">for $8.3 million<\/a>.<\/p>\n<p>Cathie Wood&#8217;s funds allocated assets as follows:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>The flagship ARK Innovation ETF \u2014 112,949 shares for $5.8 million;<\/li>\n<li>ARK Next Generation ETF \u2014 20,313 shares for $1 million;<\/li>\n<li>TF ARK Fintech Innovation \u2014 13,875 shares for $712,000.<\/li>\n<\/ul>\n<p>The company purchased Coinbase securities at a price of $51.31. At the time of writing, the asset was trading below $50.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"640\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-1024x640.png\\\" alt=\\\"Snimok-ekrana-2023-05-03-v-16.09.08\\\" class=\\\"wp-image-206134\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-1024x640.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-768x480.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-1536x960.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-03-v-16.09.08-2048x1280.png 2048w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Hourly COIN\/USD chart on the NASDAQ exchange. Data: <a href=\\\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-COIN\/\\\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>In late April, Cathie Wood&#8217;s funds bought more Coinbase securities for $8.6 million. The deal occurred on the same day Coinbase filed a lawsuit with the <span class=\\\"old_tooltip\\\" data-descr=\\\"U.S. Securities and Exchange Commission\\\">SEC<\/span>.<\/p>\n<p>In May, Coinbase user Michael Massell filed a lawsuit against the company over privacy laws arising from the Know Your Customer (KYC) procedure. <span class=\\\"old_tooltip\\\" data-descr=\\\"Know Your Customer \u2014 'know your customer'\\\">KYC<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest-controlled funds bought more Coinbase securities for a second day running \u2014 today for $7.5 million.<\/p>\n","protected":false},"author":1,"featured_media":78233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,1211],"class_list":["post-78232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78232"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78232\/revisions"}],"predecessor-version":[{"id":78234,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78232\/revisions\/78234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78233"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}