ARK Invest buys $9.4M in Coinbase and Circle stock

Cathie Wood’s ARK Invest bought about $9.4 million worth of Coinbase and Circle shares on Aug. 3 as the U.S. Senate considered its next steps on the CLARITY Act. Summary ARK Invest purchased 54,776 Coinbase shares worth about $8.02 million across three ETFs. Two ARK funds added 23,070 Circle shares valued at roughly $1.39 million. Coinbase rebounded to $149.12, but bearish momentum and resistance near $157 remain. Senate leaders have listed the CLARITY Act as a priority, though no floor vote is scheduled. ARK Invest adds $8 million in Coinbase shares ARK Invest spread its Coinbase purchase across three exchange-traded funds, according to the firm’s latest trade disclosure. The ARK Innovation ETF bought 38,761 Coinbase shares, making it the largest buyer among the three funds. Based on Coinbase’s Aug. 3 closing price of $146.50, the transaction was worth approximately $5.68 million. ARK’s Next Generation Internet ETF added another 11,133 shares valued at about $1.63 million. The ARK Fintech Innovation ETF purchased 4,882 shares worth roughly $715,000. Combined, the three ETFs acquired 54,776 Coinbase shares for approximately $8.02 million. Coinbase closed the Aug. 3 session 0.16% hi...