Cathie Wood's Ark Invest bought nearly $9 million of Coinbase stock as the crypto exchange pared gains on hot inflation data

Cathie Wood's Ark Invest bought nearly $9 million of Coinbase stock as the crypto exchange pared gains on hot inflation data

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Cathie Wood's Ark Innovation ETF has slumped in 2022. David Swanson/Reuters Cathie Wood's Ark Invest purchased 150,192 Coinbase shares on Friday. Coinbase is up 74% year-to-date, paring gains from its year-to-date peak. Markets tumbled last week as key inflation data suggested tighter monetary…

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