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Ark Invest dumped Coinbase (COIN) shares worth about $3.9 million from its Fintech Innovation exchange-traded fund (ARKF) on Dec. 18 amid a 10% drop in the exchange’s share price and after Chair Jerome Powell surprised markets when he said the Fed will have a cautious stance on rate cuts going forward. The sale by ARK Invest marks one of the biggest by the investment firm since it sold $2.8 million worth of COIN on Sept. 23. COIN Is ARKF’s Second-Largest Holding Recent disclosures by the Cathie Wood -led investment firm shows that COIN is ARKF’s biggest holding, with the fund’s COIN weighting standing at 9.9% as of Dec. 18.  Meanwhile, its biggest holding is in Shopify.  Cathie Wood and Ark Invest’s trade activity from 12/18 pic.twitter.com/mOgWS9zzPp — Ark Invest Daily (@ArkkDaily) December 19, 2024 Part of ARK Invest’s strategy is to not have more than 10% of a portfolio exposed to a single stock in order to maintain diversif...

The cryptocurrency market is facing a slight correction, with Bitcoin (BTC) dipping below $63,000 and the global market cap falling by 2.6% to $2.31 trillion. While the dip may be alarming to some, it also presents an opportunity to buy more assets at a cheaper price. The Federal Reserve announced interest rate cuts beginning next month so that the cryptocurrency market may rebound in September. An interest rate reduction could lead to investors putting money into riskier assets. Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms With that said, let’s look at three crypto assets that are under $1 that could surge in September 2024. Top 3 Cryptocurrencies Under $1 for September 2024 1. Pepe (PEPE) Source – Coin98 PEPE has displayed stellar growth since its launch in April 2023. The asset quickly climbed the charts and is currently the 31st-largest crypto project by market cap. PEPE has faced a 3.9% correction in the last 24 hours but is up by 9.4% in the ...