Cathie Wood Watch: Ark Buys Coinbase for Second Straight Day

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has sagged 44% over the past year, but has bounced back 35% so far this year. Here are two trades famed money manager Cathie Wood clearly believes in, as the chief executive of Ark Investment Management just made them two days in a row. The latest transactions came Feb. 14. Ark exchange-traded funds bought 14,626 shares of beleaguered Coinbase Global (COIN) – Get Free Report, the biggest U.S. cryptocurrency exchange. That chunk was valued at $863,000. And it was valued 10% higher in morning trading Feb. 15. DON’T MISS: Cathie Wood’s Ark Makes 3 Bo…

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