Cathie Wood: 'This is Why i’m BUYING Coinbase' | In 150 Seconds

In an interview with CNBC, CEO of arc investment Cathie Wood discusses the current state of her ARC fund, and the reasons why it continues to hold a strong position in cryptocurrency exchange Coinbase Global.

Through three exchange-traded funds, Wood's hedge fund Ark Invest owns 8.16 million shares in Coinbase, valued at $412.85 million as of June 2022.

Cathie Wood admitted that cryptocurrency is in a “massive slump right now,” but said Coinbase is in the fund’s top ten holdings because Ark believes that the "crypto revolution" is still underway.
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[ostrich]

HAHA that was anohter dud by Cathie Wood. laughable investment manager, who also sold all her NVIDIA shares before the recent rise.