Coinbase shares jump 10% day after Nasdaq debut

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The debut marks another milestone for bitcoin and other digital assets and comes amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.

Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares in the debut on Wednesday, according to the firm’s daily trade summary.

Coinbase shares were up 10.3% at $362 by 4:42 a.m. ET.

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