Cathie Wood acquired 3.07 Million Coinbase Global shares worth $634 Million. That's 6.44% of their entire equity portfolio (4th largest holding). The investor owns 1.22% of the outstanding Coinbase Global stock. The first Coinbase Global trade was made in Q2 2021. Since then Cathie Wood bought shares seven more times and sold shares on eight occasions. The stake costed the investor $523 Million, netting the investor a gain of 21% so far.
Even though Cathie Wood's Ark Invest, which manages several exchange-traded funds (ETFs), has been dumping Coinbase (NASDAQ: COIN) shares en masse, the stock...
Cathie Wood's portfolio hasn't performed well in recent years. Ever since the post-pandemic boom ended, her performance has trailed the broader market.
The post This Is Why Robinhood Might Win Against the SEC appeared on BitcoinEthereumNews.com . Keefe, Bruyette & Woods (KBW) indicated that Robinhood, known ...
Ark Invest has allocated a substantial portion of its portfolio to Tesla and Coinbase Global.