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TronWeekly

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Ark Invest Reshapes Portfolio Amid Crypto Market Turmoil

  • Ark Invest purchased 41,032 Coinbase shares worth $8.7 million for its ARKW fund.
  • The firm sold 98,060 shares of its spot Bitcoin ETF, ARKB, valued at $8.6 million.
  • Coinbase stock has dropped 38% since its December peak and closed at $212.49 on Tuesday.
  • Ark Invest adjusts investment strategy to respond to cryptocurrency market volatility.

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