ARK’s Coinbase Buy: $3.4M or $9M? Outlets Disagree
Cointelegraph and Cryptopolitan both cite ARK Invest’s daily trade disclosures for the same Nov. 2 Coinbase purchase but report different dollar totals.
Cointelegraph and Cryptopolitan both cite ARK Invest’s daily trade disclosures for the same Nov. 2 Coinbase purchase but report different dollar totals.
What all sources agree on
- ARK Invest’s ETFs bought 64,208 Coinbase shares and 110,551 Circle shares across Friday and Monday trading sessions.
- ARK sold 342,545 Bullish shares across the two sessions.
- Coinbase shares closed down 3.98% at $137.83 on Monday.
- ARK bought Robinhood shares worth approximately $645,820-$646,000 on Monday.
- The purchases were made through ARK’s ARKK, ARKW and ARKF exchange-traded funds.
Where the reports disagree
1Dollar value of ARK’s Coinbase share purchase
ARK purchased crypto exchange Coinbase (COIN) shares worth an estimated $9 million and stablecoin issuer Circle (CRCL) shares worth $8 million on Friday and Monday, according to its daily trade disclosures and closing prices from Yahoo Finance.
Ark Invest bought 24,790 Coinbase shares worth $3.4 million on November 2.
What would settle it: ARK Invest’s daily trade disclosure filings for the relevant dates
2Total size of the combined Coinbase and Circle purchase
ARK buys $17M in Coinbase, Circle shares while trimming Bullish
Ark also purchased 35,657 shares of Circle worth $2.6 million and 7,703 shares of Robinhood worth $645,820.
What would settle it: ARK Invest’s daily trade disclosure filings for the relevant dates
What to make of it
Treat the share counts for Coinbase, Circle and Bullish, the Robinhood purchase size, and Coinbase’s 3.98% decline as established since both outlets match on these. Do not rely on either the $3.4 million or $9 million Coinbase purchase figure until ARK’s own daily trade disclosures are checked directly.
Treat the share counts for Coinbase, Circle and Bullish, the Robinhood purchase size, and Coinbase’s 3.98% decline as established since both outlets match on these. Do not rely on either the $3.4 million or $9 million Coinbase purchase figure until ARK’s own daily trade disclosures are checked directly.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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