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June 29, 2021, 5:01 a.m. EDT

Ark Fintech fund buys Coinbase stock, disclosure shows

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By Steve Goldstein

The Ark Fintech Innovation ETF /zigman2/quotes/205650811/composite ARKF +0.55% purchased Coinbase Global /zigman2/quotes/225893452/composite COIN +0.82% shares worth $20.3 million at the close on Monday, according to Ark Invest's daily disclosure of its positions. That was the largest purchase of any security on Monday, and follows Ark Innovation ETF's /zigman2/quotes/204808965/composite ARKK +0.86% purchase of $53 million worth of the cryptocurrency exchange on June 22. The Coinbase position is now 0.51% of the Ark Fintech fund.

/zigman2/quotes/205650811/composite
US : U.S.: NYSE Arca
$ 51.44
+0.28 +0.55%
Volume: 738,011
Sept. 21, 2021 4:00p
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/zigman2/quotes/225893452/composite
US : U.S.: Nasdaq
$ 238.46
+1.93 +0.82%
Volume: 2.17M
Sept. 21, 2021 4:00p
P/E Ratio
23.20
Dividend Yield
N/A
Market Cap
$49.89 billion
Rev. per Employee
$1.02M
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/zigman2/quotes/204808965/composite
US : U.S.: NYSE Arca
$ 117.14
+1.00 +0.86%
Volume: 5.09M
Sept. 21, 2021 4:00p
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