Cathy Wood doubles down on its Coinbase investment!
Hi HODLers and Hiveans,
,
Cathy Wood doubles down on Coinbase:
Ark purchased 419,324 shares worth approximately $21.6 million at Tuesday's closing price of $51.61 through its three exchange-traded funds: ARK's Innovation ETF, Next Generation ETF, and Fintech Innovation
This is actually the second time that Cathy Buys COinbase shares on lawsuit or legal actions against the company. I truly appreciate the support to back a Crypto Champion which seems to have always played by the rule but it bullied hard by the regulator.
This is not be the first time that Wood has scooped up Coinbase shares amid its long-running feud with the SEC. In March, Wood’s funds bought nearly $18 million worth of Coinbase shares after it received a Wells Notice from the SEC, a precursor to the lawsuit filed on Tuesday.
People are making fun of ther because previously she had bought $COIN shares around $400 a piece and dumped them around $70-80.
But in the end, I don't really care. I believe she was a bit lucky and the most vocal tech only investor but if she is supporting our sector, who cares!?
Inverse ARK
The exchange-traded fund that bets against Cathie Wood’s flagship ARK Innovation ETF has gained 10% in the two weeks after its debut. while the actively managed ARK ETF struggled.
Well... After Inverse Cramer, this is another MEME Trolling ETF...
Stay safe out there!
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Doesnt Look line a smart move at the moment but the potential of Coinbase throughout the next years is indeed huge. Could well 5x or even 10x.
Coinbase is here to stay! The SEC lately acts like a clown or a circus...
I wish you were wrong... But you are right hehe!
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Je suis content de l'apprendre. ;)
Cathie doesn't seem a very good investor imo. But at least she's done her fair share in promoting crypto.
I would agree with this. She kind of got lucky and went far on the risk curve. It paid off and she was good bragging about it hehe!
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