Cathie Wood's Ark Fund purchases $17.8 million in Coinbase stock

ChainCatcher news, according to The Block, on March 23, Cathie Wood's Ark Invest purchased nearly $18 million in Coinbase shares through two funds.

Previously, on March 21, Ark Invest sold $13.5 million worth of Coinbase shares, marking the first significant sale of Coinbase shares by the fund since last July. Ark Invest has been increasing its holdings in Coinbase shares since November of last year.

Additionally, after the U.S. Securities and Exchange Commission issued a warning (Wells notice) regarding Coinbase's staking service Coinbase Earn and Coinbase Wallet, Coinbase's stock price took a hit on Thursday, closing down more than 14%. (source link)