ARK adds $110 million shares to Coinbase positions

Cathie Woods’ ARK funds bought more shares of Coinbase worth $110 million a day after the cryptocurrency exchange’s Nasdaq debut, the firm’s daily trade summary shows.

ARK,on Thursday, bought a total of 341,186 shares across three funds, valued at $110 million at Thursday’s $322.75 close.

That added to 749,205 purchased here according to its Wednesday alert, or $245.9 million at Wednesday’s $328.28 close.

The funds added to were its flagship ARK Innovation fund Ark Innovation ETF, its Next Generation Internet ETF and Fintech Innovation ETF.