Cathie Wood’s ARK Loads Up on COIN Despite FTX Crisis

In an email sent from ARK’s trading desk, the fund reported that it’s increasing its stake in Coinbase across its three funds: ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. ARK said it would be adding 420,949 shares of COIN to the current 7.7 million that ARK Investment Management currently holds.