ARK Invest bought cryptocurrency exchange Coinbase , which went public on Wednesday, for three of the ARK exchange-traded funds, including the flagship ARK Innovation ETF . ARK Invest bought Coinbase stock valued at $246 million for the ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Fintech Innovation ETF . ARK Invest CEO Cathie Wood spoke of Coinbase’s potential, as well as volatility, in an interview with Bloomberg BNN on Wednesday. To make room, ARK sold $178 million shares of Tesla on Wednesday, though the electric vehicle maker is still the top holding of the ARK Innovation ETF and the ARK Next Generation Internet ETF.
