Cryptocurrency platform Coinbase Global Inc had one of the biggest public listings of all time when it went public via direct listing in April 2021. What Happened: Coinbase went public on April 14, 2021. Many analysts believed in a long-term success story for Coinbase.
Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc on the day shares of the cryptocurrency exchange crashed after it reported a first-quarter loss and a significant drop in trading volume. St. Petersburg, Florida-based Ark Invest scooped up 546,579 shares, estimated to be worth $29.4 million, in Coinbase.
Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 72,339 shares, estimated to be worth $6.04 million, in Coinbase. Shares of the cryptocurrency exchange platform closed 19.5% to $83.5 on Monday.
Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc , just days after Tesla Inc CEO Elon Musk raised about $7 billion to help fund his $44 billion take-private deal of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 135,163 shares in Twitter, estimated to be worth $6.48 million, as of their last close.
Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in cryptocurrency-linked companies Robinhood Markets Inc, Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 255,670 shares -- estimated to be worth $2.7 million -- in Robinhood.
Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion purchase of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 874,926 shares, estimated to be worth $44 million, held in the social media company.
Cathie Wood-led Ark Investment Management lowered exposure to Tesla Inc on Wednesday when its stock fell in regular trading hours and piled up more shares in the cryptocurrency-linked fintech Coinbase Global Inc on the dip. The popular money managing firm sold 67,884 shares, estimated to be worth $66.3 million, in the Elon Musk-led electric vehicle company.
Cathie Wood-led Ark Investment Management on Tuesday sharply trimmed its Twitter Inc stake as the microblogging site faces buyout bids from Tesla Inc CEO Elon Musk and other private equity firms. The St. Petersburg, Florida-based money managing firm sold 114,576 shares, estimated to be worth $5.28 million, in the social media company.
Ark Invest, the fund run by Cathie Wood, has been gradually trimming its position in Twitter, Inc. since the start of the year. What Happened: Ark Invest has been scaling back its Twitter holdings ever since co-founder Jack Dorsey gave up the role of CEO, Wood said in an interview with CNBC.
Cathie Wood's Ark Investment Management on Monday lowered its exposure to Twitter Inc, a day after billionaire entrepreneur and Tesla Inc CEO Elon Musk decided not to join the microblogging company's board. Ark Investment sold 185,900 shares, estimated to be worth $8.74 million, in the social media company. Twitter stock closed 1.7% higher at $47 a share on Monday and is up 10.2% so far this year.
Ark Investment Management, led by Bitcoin bull Cathie Wood, on Wednesday bought more stake in cryptocurrency exchange Coinbase Global Inc . The stock-picking firm bought 96,591 Coinbase shares, estimated to be worth $18.9 million based on Wednesday's closing price.
Ark Investment Management, led by Bitcoin bull Cathie Wood, on Friday raised its exposure in cryptocurrency-linked fintech stock Coinbase Global Inc on the dip. The popular investment firm bought 162,291 shares -- estimated to be worth $30.3 million based on Friday's closing price -- of Coinbase.
Cathie Wood-led Ark Investment Management on Monday lowered its exposure in Block Inc , the money manager's first selling of the crypto-linked fintech stock this year. The popular investment firm sold 281,910 shares -- estimated to be worth $38 million as of their last close -- in the Jack Dorsey-led financial services and digital payments company.
Cathie Wood-led Ark Investment Management on Friday further raised its exposure in the Canadian e-commerce company Shopify Inc and 3D-printing technology firm Velo3D Inc . The popular stock-picking firm bought 12,864 shares -- estimated to be worth $7 million based on Friday's closing price -- in Shopify, the company founded and run by billionaire Tobias Lütke.
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock Inc., and its affiliates.
Fidelity receives compensation from the funds advisor or its affiliates in connection with a licensing agreement to utilize Fidelityâs active ETF methodology which may create incentives for FBS to encourage the purchase of certain ETFs.
News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.
Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.
Log In Required
Line of Credit Log In Required
Print
Expand all
Collapse all
Commentary
Fintech Can Play Role in Helping Underbanked Customers
ETF Database - 05/16/2022Numerous Disruptive Technologies Meet in Fintech Space
ETF Database - 05/13/2022Block Is Fintech Royalty, Though Not Inexpensive
ETF Database - 05/09/2022Best & Worst Monthly Performers: April 27 Edition
ETF Database - 04/29/2022Fintech May Lead Disruptive Growth Rebound
ETF Database - 04/11/2022Opportunity Lurks in Fintech
ETF Database - 04/07/2022Best & Worst Monthly Performers: March 2 Edition
ETF Database - 03/02/2022