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Benzinga
Benzinga
Business
Madhukumar Warrier

This Stock With Exposure To Bitcoin, Ethereum, Dogecoin Is Now Down 31% This Year And Cathie Wood Just Added Another $8.2M Worth Of Shares

COIN Cathie Wood Coinbase Ark Invest Ark Investment Management Coinbase Global Inc.

Cathie Wood-led Ark Investment Management on Wednesday loaded up more shares in Coinbase Global Inc. (NASDAQ:COIN) — a cryptocurrency exchange that enables its users to trade in cryptocurrencies including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

What Happened: The popular money manager bought 47,464 shares of Coinbase, estimated to be worth $8.2 million, for the ARK Next Generation Internet ETF (NYSE:ARKW).

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