Ark Invest purchased nearly $47 million in crypto stocks last week

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Last Friday, Ark Invest deployed close to $47 million across three of its ETFs, purchasing stakes in Coinbase and BitMine Immersion Technologies. Across its ETFs, Ark Invest spent roughly $29.8 million on Coinbase shares, led by its main ARKK fund, which contributed approximately $22.6 million, according to the closing price on Friday. Coinbase shares fell 16.7% that day after reporting quarterly results that missed estimates, per The Block’s Coinbase stock price page. That same session saw the ...