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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Pounces On Tesla Dip: Ark Snaps Up $43.7 Million In EV Stock While Ditching Crypto Shares Amid Bitcoin Frenzy

Germany,,Mannheim,January,29.,2025,,Sign,Or,Lettering,Of,Ark

On Thursday, Cathie Wood-led Ark Invest made significant trades, prominently featuring the purchase of Tesla Inc. (NASDAQ:TSLA) shares across multiple ETFs. This move comes amidst a backdrop of strategic sell-offs in other notable cryptocurrency-linked stocks like Coinbase Global Inc. (NASDAQ:COIN), Block Inc. (NYSE:XYZ), and Robinhood Markets Inc. (NASDAQ:HOOD), along with ARK 21Shares Bitcoin ETF (BATS:ARKB).

The Tesla Trade

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