Ark Invest buys $6.9 million worth of Coinbase stock.

On Tuesday, Ark Invest purchased 41,453 Coinbase shares, worth approximately $69,000, through three of its exchange-traded funds (ETFs). Specifically, the purchases were as follows: 29,689 shares in the Innovation ETF (ARKK), worth $4.9 million; 7,525 shares in the Next Generation Internet ETF (ARKW), worth $1.2 million; and 4,239 shares in the ARK Fintech Innovation ETF (ARKF), worth $704,000. This move reverses the firm's earlier-month reduction in Coinbase holdings. Currently, Coinbase shares account for 4%, 3.7%, and 5.6% of the holdings in the ARKK, ARKW, and ARKF funds, respectively.