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Cathie Wood, the founder and CEO of ARK Investment Management, said she remains “very positive” on Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13. While Wood noted the ruling wasn’t in outright favor of Ripple, she lauded the outcome as “by and large,
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Cathie Wood's ARK Sells Another $50.5M Coinbase Shares Source
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Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest's large Coinbase (COIN) holdings by selling a small portion of its COIN stash.On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds, the ARK Innovation ETF (ARKK).
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ARK currently owns 11.03 million shares of Coinbase. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cathie Wood’s ARK Investment Management is speculated to be leading the competition for a bitcoin (BTC) exchange-traded fund (ETF), ahead of investment giant BlackRock, according to recent industry reports. Renowned bitcoin-supportive company, ARK Investment Management, helmed by
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ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund (ETF).In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism in cryptocurrency markets.Several reports suggested that BlackRock could
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In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ARK Invest has made a substantial investment of $19.9 million in Block Inc. It expanded its stake in the company just hours after investing $21 million in Coinbase stock. Despite recent regulatory actions against significant crypto
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ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21 million of shares in Coinbase.Wood’s latest buying spree comes despite the United States Securities Commission suing two of the industry’s exchange
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Wood’s Ark Innovation ETF has dropped more than 10% from its peak in early February, while the Nasdaq 100 Stock Index has climbed up by 12% in the same time frame. Cathie Wood, the renowned founder and CEO of ARK Invest is making headlines for stating that software stocks are the
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