The purchase takes the ARK Innovation ETF’s (ARKK) holding to 5.7 million COIN shares. That puts the purchase on the small side – increasing the ETF’s exposure by 1.4%. It suggests the investment firm still sees bullish signs for the crypto sector, though may be opting for a cautious approach while the dust settles on a rocky period.

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• Source: https://www.coindesk.com/business/2022/12/12/ark-invest-adds-coinbase-stock-as-crypto-exchanges-price-slides/?utm_medium=referral&utm_source=rss&utm_campaign=headlines