Ark Invest added 158,116 shares of Coinbase stock (worth about $5 million). Coinbase's stock closed at $34.78 in New York Thursday, up roughly 7%.
Shares of Coinbase stock have been hit hard by the crypto bear market, falling 86% this year.
Coinbase
Daily Market Wrap | Sep. 03 COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors Coinbase's fiat-to-crypto onramp integrates Apple Pay Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders
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