💰Cathie Wood's ARK Investment Management bought 118,695 shares of cryptocurrency exchange platform Coinbase Global Inc through two of its exchange-traded funds at an estimated valuation of over $6.6 million based on Monday's closing price. The purchase was done via the flagship ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW). The funds had bought $9.2 million of the stock on Friday as well. Coinbase is the 8th largest holding of the ARK Innovation ETF. Price Action: Coinbase shares have gained over 67% since the beginning of the year. However, the stock lost about 24% last week after the Securities and Exchange Commission (SEC) cracked down on crypto staking. Follow benzinga . . . . . . . . . #money #arkinvest #business #stocktrading #entrepreneur #investing #coinbase #trading #forex #crypto #cryptocurrencies #bitcoin #btc #blockchaintechnology #stockmarket #stockmarketinvesting #stocks #finance #investment #investor #wealth #wallstreet #stockstowatch #tra...