ARK's innovative ETF increased its holdings of Coinbase stock by $3.2 million

ChainCatcher news, the ARK Innovation ETF managed by Cathie Wood recently increased its holdings in Coinbase stock by $3.2 million, bringing its total to 5.8 million shares of Coinbase. The fund chose to increase its position when Coinbase's stock price hit a historical low. So far this year, Coinbase's stock price has dropped nearly 84%, underperforming Bitcoin (which has fallen 61%). ARKK has declined by 64%.

It is reported that Cathie Wood remains bullish on Bitcoin, having stated in a podcast that she personally holds about $7 million in digital assets. (source link)