Cathie Wood Bullish After XRP Lawsuit; Ark Sells Coinbase And Tesla, Buys Meta & Robinhood
Cathie Wood said she remains bullish on Bitcoin and Coinbase after the XRP lawsuit ruling. Wood explained on Monday that they are just taking profits and reallocating capital to other performing shares. She told Bloomberg that Ark Invest funds are starting to witness inflows as they started taking profits after buying at dips. advertisement Cathie Wood’s Ark Invest Offloads Coinbase and Tesla Shares According to transactions seen by CoinGape, Cathie Wood’s Ark Invest funds sold a total of 248,838 Coinbase (COIN) shares worth $26 million and 45,184 Tesla (TSLA) shares worth $13 million on July 17. Cathie Wood’s flagship fund ARK Innovation ETF (ARKK) sold 127,266 COIN shares, ARK Next Generation Internet ETF (ARKW) sold 44,784 COIN shares, and ARK Fintech Innovation ETF (ARKF) offloaded 76,788 COIN shares. COIN stock price closed 0.23% up at $105.55 on Monday amid profit booking by investors. COIN price hit a 52-hour high of $114.43 as stock pr...