Cathie Wood's ARK købte Coinbase-aktier til en værdi af 22 millioner dollars efter pristanken - dekrypter

Cathie Woods ARK købte Coinbase-aktier til en værdi af 22 millioner dollars efter pristanken – dekrypter

Tidsstempel: 7. juni 2023 kl. 8
Cathie Wood's ARK Bought $22M Worth of Coinbase Shares After the Price Tanked - Decrypt PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massive retssag anlagt af Securities and Exchange Commission.

Ark purchased 419,324 shares worth approximately $21.6 million at Tuesday’s closing price of $51.61 through its three exchange-traded funds: ARK’s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF. In total, Ark now holds about 11,776,015 aktier, making it the second largest owner of Coinbase shares after Vanguard Group.

This is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds bought næsten $ 18 millioner worth of Coinbase shares after it received a Wells-meddelelse from the SEC, a precursor to the lawsuit filed on Tuesday.

Coinbases kampe med SEC har på nogle måder kørt parallelt med Woods egne interaktioner med regulatoren.

In March, Wood filed a third ansøgning with the SEC to launch a Bitcoin spot ETF after two previous attempts were rejected. To date, the SEC has approved four Bitcoin futures ETFs that offer shares to investors without involving direct ownership of Bitcoin itself, but none for the spot market.

Coinbase's aktie fik tæsk tirsdag, efter at SEC lancerede sin retssag, hvor de anklagede virksomheden for at drive en uregistreret børs og for at tilbyde uregistrerede værdipapirer. Efter SEC's handling faldt Coinbases aktie på Nasdaq med mere end 21% til $45.98. I skrivende stund handles COINs aktier til $53.38.

Coinbase har anklaget SEC for at undlade at udsende vejledning om, hvordan man opererer uden at løbe på kant med dets lovgivningsmæssige tilsyn.

In April, Coinbase asked a federal court to force the SEC to issue clearer crypto guidance and previously sent the SEC its so-called “underskriftsindsamling” last summer, but no response was provided. After the SEC sued Coinbase, a federal judge bestilt agenturet til at svare på Coinbases anmodning inden for de næste syv dage.

The SEC’s lawsuit follows one filed mod Binance, t​​he world’s largest cryptocurrency exchange, on allegations of violating securities laws that include failing to register as an exchange and engaging in unregistered crypto transactions. Binance is also accused of commingling customer funds. The company has nægtede anklagerne og anklagede SEC for overreach.

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