Cathie Wood Reverses Course, Buys $6.9M in Coinbase Stock – Is ARK Betting on a Rebound?

Cathie Wood is back shopping. ARK Invest just picked up 41,453 shares of Coinbase stock, worth about $6.9 million. What makes it interesting is the timing. Just weeks ago, ARK was trimming exposure. Now they are stepping back in as COIN tries to stabilize. Key Takeaways The Buy: ARK purchased 41,453 shares worth $6.9 million across three ETFs on Feb. 18. The Split: The majority went to the flagship Innovation ETF (ARKK), which took 29,689 shares ($4.9 million). The Pivot: This reverses a selling strea ...