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Ark funds, managed by Cathie Wood’s ARK Invest, bought additional Coinbase shares. According to ARK, on Friday its funds bought 187,078 shares of Coinbase, a platform for the purchase of cryptocurrencies that went public on April 14. ARK had already bought considerable shares of Coinbase in the previous days (341,186 shares bought Thursday and 749,205 bought Wednesday).
At the same time, the communications on Friday revealed the sale of 134,541 Tesla shares for a value of 99.5 million dollars. The ARK Innovation Fund and the Next Generation Internet ETF sold the stock of the electric car giant. Tesla is still by far the company’s largest position in terms of the value of ARK’s leading ETFs.