Bitcoin $116,349.80 +1.42%
Ethereum $4,472.36 -0.55%
BNB $936.71 +2.08%
Optimism $0.76 +4.04%
Arbitrum $0.49 +1.04%
Solana $238.49 +2.82%
Polygon $0.22 +2.77%
Cosmos $4.52 +1.18%
Avalanche $30.08 +5.35%

Bitcoin $116,349.80 +1.42%
Ethereum $4,472.36 -0.55%
BNB $936.71 +2.08%
Optimism $0.76 +4.04%
Arbitrum $0.49 +1.04%
Solana $238.49 +2.82%
Polygon $0.22 +2.77%
Cosmos $4.52 +1.18%
Avalanche $30.08 +5.35%

ARK Buys $2.5 Million in Coinbase Shares as COIN Continues Rally

Cathie Wood's crypto conviction continues as ARK made another Coinbase (COIN) buy Thursday.

Coinbase is now the 12th-largest holding for the ARK Innovation ETF (ARKK), behind CRISPR Therapeutics and game engine developer Unity, taking up 3.87% of the fund's weight. Overall, ARKK has a cost average of $254.65 for COIN.

COIN is currently trading at $47.55, up 8.6% on-day, or 23% during the past month. Analysts are predicting a mean price target of $61.46, according to data compiled by FactSet.

Coinbase tokenized stock FTX $87.77

+23.12%

Cathie Wood Coinbase

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ARK Buys $2.5 Million in Coinbase Shares as COIN Continues Rally

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