ARK Invest CEO Cathie Wood isn’t backing away from crypto despite the SEC’s lawsuit frenzy this week, having bought a combined $41 million in Coinbase and Block Inc. shares.
for offering what the regulator considers to be unregistered securities, among other things.
ARK Invest’s 305,573 new shares of Block came across six buys between June 7-8, which now represents ARK’s fourth largest holding at 4.81%,Of the new shares, 240,174 were added to its ARK Innovation ETF, 39,099 shares to ARK Next Generation Internet and the remaining 26,300 shares to ARK Fintech Innovation .
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