{"id":135087,"date":"2024-08-07T16:30:55","date_gmt":"2024-08-07T13:30:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135087"},"modified":"2024-08-07T15:41:42","modified_gmt":"2024-08-07T12:41:42","slug":"cathie-woods-ark-invest-buys-coinbase-shares-again","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cathie-woods-ark-invest-buys-coinbase-shares-again\/","title":{"rendered":"Cathie Wood’s Ark Invest Buys Coinbase Shares Again"},"content":{"rendered":"
The Cathie Wood-led investment firm bought 13,833 shares worth $2.7 million for its ARKK ETF, 2,743 shares ($533,000) through its ARKW ETF and 3,316 shares $644,000 for its ARKF, according to the company\u2019s latest trading documents.<\/p>\n
The latest acquisitions follow another Coinbase stock purchase valued at $17.8 million that Ark purchased for the same funds on Monday.<\/p>\n
Ark\u2019s investment strategy includes the idea that no single position should take up more than 10% of an ETF\u2019s portfolio. The idea behind these actions is to maintain diversification within the funds, which means Ark will likely continue to rebalance COIN\u2019s stake if stocks rise or fall significantly relative to Ark\u2019s other fund holdings.<\/p>