Ark Investment Management of Cathie Wood took advantage of the sale of $ 5.4 billion of actions of US shares and bought more than 83,000 Coinbase (Coin) shares, increasing exposure to cryptographic exchange even when prices fell sharply in all areas.
Total shares bought were worth more than $ 13 million, taking the closing price of Friday for Coinbase.
According to ARK’s daily negotiation dissemination for April 4, the Innovation ETF Ark Insignia of Wood (ARKK) bought almost 55,000 Coinbase shares, with additional purchases from the Internet ETF of the Internet of Next Generation Ark (ARKW) and the ETF of Innovation Ark Fintech (ARKF).
The moment is remarkable. Coinbase’s actions have passed more than 12% during market defeat, while Bitcoin and other cryptocurrencies showed resilience. The Coendesk 20 (CD20) index fell by 5.8% in the same period. The mass sale occurred after the president of the United States, Donald Trump, announced his reciprocal tariffs against almost all countries in the world.
Read more: Bitcoin begins to decoup
