Cathie Wood Watch: Ark Buys Coinbase, Sells DraftKings

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The Street

By Dan Weil Her flagship Ark Innovation ETF has lost 26% in the last 12 months, but has bounced back 12% so far this year. Cathie Wood, chief executive of Ark Investment Management, bought Coinbase Global (COIN) – Get Free Report Monday for the first time in a week and repeated two trades from Friday. All the valuations below are as of Monday’s close. DON’T MISS: Elon Musk Reacts After Cathie Wood Criticizes a Major American Institution Ark funds snagged 168,869 shares of Coinbase, the largest U.S. cryptocurrency exchange, valued at $8.5 million. Coinbase started a foreign exchange for cryptoc…

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