Why Kathy Wooden Is Bullish On Coinbase Shares And Believes Bitcoin Will Attain $1 Million

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currency Journal
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ARK Make investments CEO and Chief Funding Officer Cathie Wooden mentioned in a latest interview with Bloomberg. Mentioned Her flagship fund, Ark Innovation (ARKK), is growing its place in Coinbase (NASDAQ:) inventory after the Securities and Trade Fee (SEC) sued Binance, considered one of Coinbase’s largest opponents. Why?

ARKK bought roughly 330,00 shares of COIN on June 6, 2023. value On the time, the associated fee was about $17 million, in line with a disclosure assertion. Two different exchange-traded funds (ETFs), the Ark Fintech Innovation ETF and the Ark Subsequent Technology Web ETF, additionally added 35,700 shares value $1.8 million and 53,900 shares value $2.8 million, respectively.

It’s a 3-month chart of COIN. Supply: TradingView
year-to-date chart. Supply: TradingView
Set the halving to match the stage of investor sentiment.Supply: Galaxy Analysis

Learn extra on Cointelegraph

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