ARK Invest and Coinbase face SEC uncertainty as crypto investments continue.
TL;DR
ARK Invest CEO Cathie Wood has purchased $19.9 million worth of Block Inc. shares across its ETFs, just days after buying $21 million in Coinbase stock. This comes despite the SEC suing Coinbase and Binance for offering unregistered securities. ARK Invest's new shares of Block Inc. represent its fourth largest holding at 4.81%. Wood believes that the SEC's regulation by enforcement approach has taken a toll on cryptocurrency innovators in the US, and is bullish on Bitcoin over the long term.
- Cathie Wood's ARK loads up crypto bags, buys $19.9M Block shares Cointelegraph
- Coinbase stock closes in the green amid tumultuous week after SEC lawsuit The Block - Crypto News
- ARK Invest Buys $19.9 Million Block Shares as Cathie Wood Stands Firm on Crypto Cryptonews
- Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit Cointelegraph
- Moody's cuts Coinbase outlook to negative on SEC lawsuit uncertainty The Block - Crypto News
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