Cathie Wood Watch: Ark Buys Coinbase Amid Crypto Woes

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The Street

By Dan Weil Coinbase, the largest U.S. cryptocurrency exchange, suffers from weakness in the crypto market. Asset manager Cathie Wood sees opportunity. Famed money manager Cathie Wood has bought a slew of Coinbase (COIN) – Get Free Report shares in recent months, trying to take advantage of their decline. Coinbase is the largest U.S. cryptocurrency exchange and has suffered from weakness in the crypto market over the past year, including a plunge by bitcoin. Coinbase stock has dived 86% in the past 12 months. Wood, chief executive at Ark Investment Management, again purchased Coinbase shares J…

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