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Coinbase Institutional Investors Pile In

Guavy AI Editorial Team
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Envestnet Portfolio Solutions Inc. has increased its position in Coinbase Global by 13.8% during the second quarter, according to a recent SEC filing.

The firm now owns 44,011 shares of the cryptocurrency exchange's stock after acquiring an additional 5,343 shares during the period.

Envestnet Portfolio Solutions Inc.'s holdings in Coinbase Global were worth $6.586 million as of its most recent SEC filing.

This is not the only institutional investor to buy into Coinbase Global recently - several other hedge funds have also made significant purchases.

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