Data from the website Cathie’s Ark, which tracks the investment activities of the Ark group, showed that three funds under Cathie Wood bought a total of over 400,000 shares in Coinbase on Tuesday. Coinbase shares settled 12% lower on Tuesday, their second session of steep losses this week following a 9% tumble on Monday, after the SEC also sued world no. 1 crypto exchange Binance over similar charges. But Coinbase shares rose 2% in aftermarket trading, boosted by news of the Ark buy. Bitcoin prices showed little reaction to the SEC move against Coinbase, rising 4% on Wednesday.
