What did Ark invest buy for Coinbase?

ARK Invest bought cryptocurrency exchange Coinbase COIN, -1.47%, which went public on Wednesday, for three of the ARK exchange-traded funds, including the flagship ARK Innovation ETF ARKK, -0.53%.

What is Ark invest CEO Cathie Wood saying about Coinbase?

ARK Invest CEO Cathie Wood spoke of Coinbase's potential, as well as volatility, in an interview with Bloomberg BNN on Wednesday. To make room, ARK sold $178 million shares of Tesla TSLA, -1.23% on Wednesday, though the electric vehicle maker is still the top holding of the ARK Innovation ETF and the ARK Next Generation Internet ETF.

Why is Coinbase putting a warning on cryptocurrencies?

The warning is likely related to Coinbase’s EARN product, which allows customers to stake their crypto and receive rewards on it, or possibly products like Coinbase Prime and Coinbase Wallet. The unwelcome development caused a number of sell-side analysts to take note.