{"id":69104,"date":"2022-10-26T09:45:34","date_gmt":"2022-10-26T06:45:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69104"},"modified":"2025-09-07T17:58:52","modified_gmt":"2025-09-07T14:58:52","slug":"ark-invests-kathy-wood-buys-coinbase-shares-for-first-time-since-june","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ark-invests-kathy-wood-buys-coinbase-shares-for-first-time-since-june\/","title":{"rendered":"ARK Invest&#8217;s Kathy Wood buys Coinbase shares for first time since June"},"content":{"rendered":"<p>Managed by ARK Invest, the flagship Ark Innovation ETF (ARKF) <a href=\"https:\/\/ark-funds.com\/ark-trade-notifications\/\">purchased<\/a> 10,880 Coinbase shares, bringing the total position to $60.5 million or 8% of <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span>.<\/p>\n<p>According to documents filed with the <span data-descr=\"the U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, across all funds the asset manager holds 7.7 million Coinbase shares with an average purchase price of $218.45. Over the past year the figure has risen by 2 million.<\/p>\n<p>On October 25, Coinbase shares closed up 13.04%, at $75.05. The driver was Bitcoin&#8217;s rise<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaches-20000-after-a-prolonged-lull-in-volatility\"> above $20,000<\/a>. Since the start of the year, shares have fallen 70.3%.<\/p>\n<p>Earlier, Kathy Wood forecast Bitcoin&#8217;s market capitalization <a href=\"https:\/\/u1f987.com\/en\/news\/cathie-wood-forecasts-bitcoins-market-capitalisation-to-reach-4-5-trillion\">to reach $4.5 trillion<\/a>.<\/p>\n<p>ARK Invest sold Coinbase shares in July for about <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-cathie-wood-sells-coinbase-shares-worth-75-million\">$75 million<\/a>.<\/p>\n<p>The decision came amid reports of a <a href=\"https:\/\/forklog.news\/bloomberg-sec-nachala-rassledovanie-deyatelnosti-coinbase\/\">SEC investigation into the cryptocurrency exchange&#8217;s activities<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest&#8217;s flagship Ark Innovation ETF purchased 10,880 Coinbase shares, bringing the total position to $60.5 million, or 8% of AUM.<\/p>\n","protected":false},"author":1,"featured_media":69105,"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":[1218,138],"class_list":["post-69104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69104"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69104\/revisions"}],"predecessor-version":[{"id":69106,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69104\/revisions\/69106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69105"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}