Cathie Wood’s Ark Invest Buys These Shares After Selling Coinbase, Here’s Why

Cathie Wood’s Ark Invest Buys These Shares After Selling Coinbase, Here’s Why


CoinGape
2022-07-27 10:09:45

Cathie Wood’s Ark Invest sold over 1.4 million shares of Coinbase Global (COIN) in three funds on Tuesday as the price falls to an all-time low of $52.93. The move comes amid Coinbase’s poor performance and the SEC investigation into listing unregistered securities. All three funds mostly purchased Shopify and Roku shares after selling COIN The post Cathie Wood’s Ark Invest Buys These Shares After Selling Coinbase, Here’s Why appeared first on CoinGape.