Cathie Wood’s ARK Invest Buys Coinbase Dip, Grows Total COIN Holdings to $448,700,000

Hedge fund supervisor Cathie Wooden has doubled on shares of Coinbase (Coin) within the midst of the inventory market crash attributable to charge.

In accordance with Cathiesark.comArk Make investments positioned three purchase orders for Coinbase shares on 4 April, with greater than $ 13 million, which signifies that Coin is the second largest possession in all its mixed exchange-related funds (ETFs).

Coin is presently traded at $ 161, about 54% in comparison with its excessive in December 2024.

In a current video replace, wooden out That she expects Bitcoin (BTC) to surpass within the coming months than surpassing gold. In accordance with the investor, the BTC-to-Gouden Ratio has not damaged its long-term upward pattern.

“Gold has had run towards Bitcoin. Bitcoin did very effectively in relation to gold in 2023 and 2024, however not this 12 months. Nonetheless, we expect over time, Bitcoin will recognize it in comparison with gold, and as you may see, it has not damaged the Uptrend line.”

Though Bullish on Bitcoin and Coinbase, Wooden stated final month that she expects that many different crypto belongings will go to zero, particularly tokens within the memecoin area. In an interview with Bloomberg, Wooden predicted that “tens of millions” of memecoins would change into nugatory.

“What we expect will occur is that there will likely be plenty of scary falls within the costs of a few of these meme belongings, and nothing is like shedding cash for individuals to study. Now study that the SEC and regulators take no accountability for these memecoins …

The tens of millions of memecoins will most likely be nugatory. Once we speak concerning the Large Three – Bitcoin, Ethereum, Solana, the use circumstances for these and we expect they are going to be essential within the coming years. Memecoins, not so. “

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