ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

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Jamie Crawley is a CoinDesk news reporter based in London.

ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again.

Cathie Wood's investment management firm bought $17.8 million of COIN, its first purchase of the crypto exchange's stock since June 6 2023 when it bought $21.6 million worth.

 

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