After a gap of over a month, Cathie Wood is back to purchasing Coinbase (COIN) shares for her company’s exchange-traded funds, according to ARK, which revealed it had bought 162,325 shares of COIN on Friday.
Midway through January, ARK made its most recent COIN acquisition, spending $3.3 million acquiring shares of the exchange.
The $9.2 million purchase occurs as American regulators are paying closer attention to the digital assets market. Even while Coinbase’s staking product was not targeted by the Securities and Exchange Commission (SEC), as it was with Kraken, there is still a chance that it will be in a subsequent enforcement blitz.
The SEC’s enforcement campaign against Paxos for its Binance USD (BUSD) coin is reportedly targeting the company as of early Monday, according to a Wall Street Journal story.
The ARK Innovation ETF (ARKK) has gained 28% so far this year, while the ARK Fintech Innovation ETF (ARKF) has gained 25%.