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ARKF’s CEO Cathie Wood’s Bitcoin Portfolio Reinvents the Bullish Outlook

ARKF’s CEO Cathie Wood’s Bitcoin Portfolio Reinvents the Bullish Outlook

The Coinbase stock holdings of ARK’s Fintech Innovation Fund (ARKF) have increased by 10,880 shares, or almost 8% of the fund’s, to $60.5 million. According to 13F filings with the Securities and Exchange Commission, this would be ARK’s first acquisition of Coinbase stock since June (SEC). Cathie Wood, the chief investment officer at ARK, stated in August that due to an SEC investigation into the cryptocurrency exchange, the fund has cut its holdings in Coinbase. In summary, Wood and ARK are still very bullish on Coinbase and cryptocurrencies in general. According to 13F filings, ARK has 7.7 million shares of […]