The Cathie Wood Fund increased its position in Coinbase for the first time since June

On October 25th, according to CoinDesk, Cathie Wood's ARK Fintech Innovation Fund increased its stake in Coinbase by 10,880 shares, bringing its total stake value to about $60.5 million, or about 8% of the fund's weighting. This is the first time the ARK Fund has bought Coinbase shares since June. On August 9, Cathie Wood said ARK sold some of its Coinbase shares based on cryptocurrency regulatory uncertainty, BlockBeats previously reported.