Cathie Wood's Ark Invest dumps $13.5 million of Coinbase stock as crypto exchange notches 7-month highs
The famed money manager now holds $837 million of the crypto exchange's stock across three of its ETFs. Ark Invest has a 7.03% stake in the Nasdaq-traded company.
Shares of Coinbase dipped 2% Wednesday but earlier traded at a seven-month high of $83.49. The company's stock is on a tear, up 30% in the past five trading sessions. , with bitcoin and ethereum up 16% and 9% in the past week, respectively. When crypto bets are doing well, typically company shares that service the nascent space follow suit.
She added:"We think [they] are going to face some quite severe challenges during the next ... six to nine months."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cathie Wood’s ARK sells Coinbase stock for the first time in 2023Cathie Wood’s investment firm ARK Invest has sold 160,887 Coinbase shares from its ARK Fintech Innovation ETF for $13.5 million.
Baca lebih lajut »
Bitcoin's banking crisis surge will 'attract more institutions': ARK's Cathie WoodThe current banking crisis has been a “told-you-so” moment for Bitcoin, says ARK CEO Cathie Wood and believes Bitcoin’s surge will convince more institutional investors to buy in over time.
Baca lebih lajut »
Cathie Wood's Ark adds $11 million in Microsoft stock on ChatGPT crazeCathie Wood catches up with the ChatGPT craze as Ark's internet fund snaps up Microsoft stock for the 1st time
Baca lebih lajut »
Cathie Wood's Ark fund logs $2B loss, says Fed hikes hit like an 'earthquake'Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss
Baca lebih lajut »
Ark's Cathie Wood: Bitcoin's Strength Through Bank Crisis Will Attract Institutional Investors | CoinMarketCapcryptonews: Ark Invest's Cathie Wood predicted that Bitcoin's strength during the recent banking crisis will bring back institutional investors who have been pushed away by regulators focusing attention on the bitcoins on their balance sheets. 🔈
Baca lebih lajut »