Cathie Wood Piles Up $21M In Coinbase Stock Amid FTX-Fueled Plunge

Benzinga2022-11-09

Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets Inc at an estimated valuation of over $9 million. Shares of the brokerage platform closed over 19% ...

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RobinChanKH
·2022-11-09
wood buy.. drop wood sell.. up?
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bobotrader
·2022-11-09
Whooa!!! What can I say it's so cool!!
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Shares of the brokerage platform closed over 19% ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114081498","content_text":"Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets Inc at an estimated valuation of over $9 million. Shares of the brokerage platform closed over 19% lower on Tuesday over the FTX saga.Cryptocurrency exchange Binance signed a non-binding agreement on Tuesday to buy FTX's non-U.S. unit to help tide over a liquiditycrunch at the rival exchange. Volatility in crypto and crypto-related stocks had ensued earlier when Changpeng Zhao, the founder and CEO of Binanceannounced his trading platform is about to liquidate its entire FTT holdings.Major Purchase: Wood’s funds also bought over 420,000 shares of cryptocurrency exchange platform Coinbase Global Inc at an estimated valuation of over $21 million. The purchase was done via three of the company’s ETFs.Coinbase is the 11thlargest holding of ARK’s flagship fund – the ARK Innovation ETF (ARKK) with a weight of over 3.94%. Shares of Coinbase closed over 10% lower on Tuesday and shed 1.22% in extended trading after investors were worried about the financials of cryptocurrency exchange FTX.Coinbase later wrote a blog to calm investors saying it does not have a liquidity problem and that it largely holds its assets in dollars. “We ended Q3 with $5.6 billion in total available $USD resources, including $5B in cash and cash equivalents,” it said.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9987441755,"gmtCreate":1667973284877,"gmtModify":1676537993021,"author":{"id":"3569385786610486","authorId":"3569385786610486","name":"bobotrader","avatar":"https://static.tigerbbs.com/3fea6ab8c2e28782c09c56e02fb53e63","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","name":"Tiger Star","description":"Join the tiger community for 2000 days","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"authorIdStr":"3569385786610486","idStr":"3569385786610486"},"htmlText":"Whooa!!! What can I say it's so cool!!","listText":"Whooa!!! What can I say it's so cool!!","text":"Whooa!!! What can I say it's so cool!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987441755","repostId":1114081498,"repostType":4,"repost":{"id":"1114081498","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1667970464,"share":"https://ttm.financial/m/news/1114081498?lang=en_US&edition=fundamental","pubTime":"2022-11-09 13:07","market":"us","language":"en","title":"Cathie Wood Piles Up $21M In Coinbase Stock Amid FTX-Fueled Plunge","url":"https://stock-news.laohu8.com/highlight/detail?id=1114081498","media":"Benzinga","summary":"Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets","content":"<div>\n<p>Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets Inc at an estimated valuation of over $9 million. 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Shares of the brokerage platform closed over 19% ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114081498","content_text":"Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets Inc at an estimated valuation of over $9 million. Shares of the brokerage platform closed over 19% lower on Tuesday over the FTX saga.Cryptocurrency exchange Binance signed a non-binding agreement on Tuesday to buy FTX's non-U.S. unit to help tide over a liquiditycrunch at the rival exchange. Volatility in crypto and crypto-related stocks had ensued earlier when Changpeng Zhao, the founder and CEO of Binanceannounced his trading platform is about to liquidate its entire FTT holdings.Major Purchase: Wood’s funds also bought over 420,000 shares of cryptocurrency exchange platform Coinbase Global Inc at an estimated valuation of over $21 million. The purchase was done via three of the company’s ETFs.Coinbase is the 11thlargest holding of ARK’s flagship fund – the ARK Innovation ETF (ARKK) with a weight of over 3.94%. Shares of Coinbase closed over 10% lower on Tuesday and shed 1.22% in extended trading after investors were worried about the financials of cryptocurrency exchange FTX.Coinbase later wrote a blog to calm investors saying it does not have a liquidity problem and that it largely holds its assets in dollars. “We ended Q3 with $5.6 billion in total available $USD resources, including $5B in cash and cash equivalents,” it said.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":38,"commentSize":2,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}