Cathie Wood’s ARK Invest Increases Coinbase Holdings Amid Market Volatility
- ARK Invest purchased over $13 million in Coinbase stock on April 4th.
- Coinbase is now the second-largest holding in ARK’s combined ETFs.
- Coinbase shares are trading at $161, a 54% decrease from December 2024 highs.
- Cathie Wood anticipates Bitcoin to outperform gold soon, maintaining its long-term uptrend.
- Wood predicts many memecoins will become worthless, contrasting with the growth of Bitcoin, Ethereum, and Solana.
ARK Invest has increased its investment in Coinbase by purchasing over $13 million worth of shares, making it the second-largest holding in their ETFs. Despite current market challenges, Cathie Wood remains optimistic about Bitcoin’s performance relative to gold and foresees significant declines in memecoin values.
Source (2.6)https://dailyhodl.com/2025/04/07/cathie-woods-ark-invest-buys-coinbase-dip-grows-total-coin-holdings-to-448700000/?rand=59076
