Cathie Woods' Ark buys a further $110M worth of Coinbase shares

Three exchange-traded funds offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase (COIN) to their positions on Thursday.

According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF and Ark Fintech Innovation ETF purchased a combined total of 341,186 shares, valued at $110 million at the close of trading on Thursday, with each share valued at $322.75.