ARK Investment Firm Purchase $12.1M Worth Of Coinbase Shares

While the crypto market slides with an effect of FTX-Alameda drama, Cathie Wood’s Ark Investments has raised its Coinbase (COIN) holdings after the firm made a purchase of 237,675 COIN which is worth $21.1 million on Nov 9.

Among 237,675 COIN shares, Ark Investment has transferred 207,527 shares to its ARK Innovation ETF, 22,416shares to its ARK Next Generation Internet ETF and another 7,732 shares to its ARK Fintech Innovation ETF. This purchase comes following Coinbase’s statement which claimed that it has minimal exposure to FTX with a deposit of $15 million.