Benzinga

6M
...

Coinbase Vs. Block: Cathie Wood Has Made A Bank On This Crypto Stock In Her Portfolio This Year – ARK Fintech Innovation ETF (ARCA:ARKF), ARK Next Generation Internet ETF (ARCA:ARKW), Coinbase Glb (NASDAQ:COIN)

Cathie Wood-led hedge fund Ark Invest has bet big on two cryptocurrency-focused stocks across its portfolio and one of these stocks has returned the firm banger returns.

Wood’s Portfolio: Both Coinbase Inc. COIN and Block Inc. SQ are among the top holdings in Ark’s flagship ETF, the Ark Innovation ETF ARKK alongside the ARK Next Generation Internet ETF ARKW and the ARK Fintech Innovation ETF ARKF.

Coinbase stake accounts for 8.8% weight in ARKK ETF, next only to Tesla’s 8.9%, with the latest market valuation of $545 million.

Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov….

Read more on Benzinga

30.7K Reads