Ark Fintech fund buys Coinbase stock, disclosure shows

The Ark Fintech Innovation ETF
ARKF,
-0.31%
purchased Coinbase Global
COIN,
+2.96%
shares worth $20.3 million at the close on Monday, according to Ark Invest’s daily disclosure of its positions. That was the largest purchase of any security on Monday, and follows Ark Innovation ETF’s
ARKK,
-0.12%
purchase of $53 million worth of the cryptocurrency exchange on June 22. The Coinbase position is now 0.51% of the Ark Fintech fund.