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Cathie Wood dumps $33 million of Coinbase after recent surge

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The Street

By Ian Krietzberg Despite the problems that have plagued the cryptocurrency sector over the past year — notably, the implosion of FTX and the recent $4 billion Binance settlement — Cathie Wood, CEO and investment lead of Ark Invest, has remained incredibly bullish on cryptocurrencies. “Last year, a lot of people thought that the bankruptcy of FTX, Celsius and Three Arrows was going to be the end of bitcoin. And quite the opposite happened,” Wood told Benzinga in August. Bitcoin’s price on Monday broke $40,000 for the first time in 18 months. The largest cryptocurrency was sitting at around $44…

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