BEARISH 45 The Block 56M ago · 1 min read 1 read

Ark Invest buys more Coinbase as shares plunge 10% in wider market rout

AI summary

Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase shares on Thursday as the stock fell 9.69% in a broader market sell-off. The purchase shows continued conviction from a major institutional holder even as COIN trades sharply lower. Traders watch Ark's buying as a signal of institutional appetite for crypto equities during drawdowns.

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Narrative history

4 linked stories · 3 outlets · since 16 Oct

56M AGO

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Ark Invest buys more Coinbase as shares plunge 10% in wider market rout

The Block · Score 45
3 NOV · 08:35

ARK buys $17M in Coinbase, Circle shares while trimming Bullish

Cointelegraph · Score 25 · via ARK, Circle
3 NOV · 02:57

Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks fall

The Block · Score 25 · via Ark, Invest buys
27 OCT · 10:57

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The Block · Score 45 · via Circle shares, Ark
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