Cathie Wood Invests $11.5 Million in Coinbase Amid Market Volatility
Cathie Wood, founder of Ark Investment Management, has invested $11.5 million into Coinbase (COIN) as the stock continues to decline. This move aligns with her strategy of buying undervalued tech stocks during downturns. However, despite past successes like a 153% return in 2020 for ARKK, Wood's flagship Ark Innovation ETF has struggled recently and underperformed compared to broader market indices.
Tickers: $COIN
Topics: ARKK Cathie Wood Coinbase ETF performance