It is not the first time where ARK bought into a recent listing. But what caught many by surprise is certainly the selling of its favourite $Tesla Motors(TSLA)$to buy into $Coinbase Global, Inc.(COIN)$.
ARK bought COIN into 3 different funds. With this news, Coinbase is already trading at 10% gain premarket.
A pity that I slept before it being trading andwoke up after the post market. I might still nibble a little if it goes near to yesterday closing price. But certainly won’t hold big position for long.
Luckily for most people, Tesla look unaffected now during Pre market with a small 3% gain.
It will certainly be interesting to see how both stocks with perform after the market openlater.
May the market be with you?
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