Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook

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Forbes Business Breaking Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook Katherine Hamilton Forbes Staff I cover breaking news. Following Jun 7, 2023, 10:24am EDT | Press play to listen to this article! Got it! Updated Jun 7, 2023, 11:57am EDT Share to Facebook Share to Twitter Share to Linkedin Topline Taking advantage of slumping stock prices following a regulatory lawsuit, three funds of Ark Investment Management, led by high-profile stock picker Cathie Wood, have added almost 420,000 shares of Coinbase, according to its trade disclosures , brushing off many analysts’ concerns the SEC’s two consecutive lawsuits against Coinbase and Binance could spell trouble for the crypto industry. Cathie Wood’s Ark Invest added 420,000 shares of Coinbase stock on Tuesday after the crypto firm was ...