ARK Invest’s Crypto Craze: $13.4M More in Coinbase, Like a Boss 🤑

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Guess who’s splurging again? It’s ARK Invest, folks! They’ve just dropped another $13.4 million on Coinbase shares like it’s going out of style. 🎉 The ARK Innovation ETF (ARKK) alone added 54,988 COIN shares to their collection, making it rain with an additional $8.8 million. Now, that’s how you flex in the market turmoil! 💪

But wait, there’s more! The ARK Next Generation Internet ETF (ARKW) and the Ark Fintech Innovation ETF (ARKF) joined the party too, picking up 15,982 and 12,187 shares respectively, adding a cool $2.5 million and $2 million to the Coinbase lovefest. And they didn’t stop there; they threw some love towards Amazon as well, spending a total of $7.8 million on shares. But hey, they had to sell some UiPath shares to balance the books, right? 😜

Now, COIN has climbed the ranks to become the second-largest holding in the ARKF fund, making up a whopping 9.4%. Shopify still reigns supreme at the top with a 13% stake, but Coinbase is nipping at its heels. ARK’s funds are playing it safe though, ensuring no single company owns more than 10% of any single fund’s portfolio. Smart move, guys! 🤓

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2025-04-05 23:09