Cathie Wood Watch: Another Day, Another Coinbase Buy

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slid 42% during the past year, but has bounced back 15% so far this year. It was groundhog day all over again for money manager Cathie Wood, chief executive of Ark Investment Management, as she repeated trades of some of her big-name stocks. Ark funds bought 353,962 shares of Coinbase Global (COIN) – Get Free Report, the largest U.S. cryptocurrency exchange, valued at $20.6 million as of Thursday’s close. The company’s shares have tumbled 70% over the past 12 months amid turmoil in the cryptocurrency market. But they have rebounded 51% this ye…

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