Cathie Wood's ARK ETF Continues to Navigate Coinbase's Volatility.

ARK Invest has purchased 269,928 shares in Coinbase worth $17.88 million, just a day after the cryptocurrency exchange's stock price dipped following news of its Wells notice. This comes after ARK Invest sold 160,887 Coinbase shares from its ARK Fintech Innovation ETF, the first time any of ARK Invest's ETFs shed Coinbase shares in 2023. Coinbase's share price has failed to recover since it shared news it had received a Wells notice warning of possible enforcement action from the Securities and Exchange Commission, which led to COIN shares dropping around 21%.