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Ark Invest’s Cathie Wood buys Coinbase shares amid SEC crackdown

Cathie Wood's Ark Invest increased its holding in cryptocurrency exchange Coinbase Global Inc on June 6, as the stock fell to over five-month lows due to the Securities and Exchange Commission's crackdown on the crypto industry. Three funds managed by Cathie Wood purchased a total of almost 400,000 shares in Coinbase on June 6, reported citing data from the website Cathie's Ark, which keeps tabs on the investing activities of the Ark group. The majority of the purchases were made through her flagship ARK Innovation ETF, which added over 300,000 shares.

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