It will drop more when she buy-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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2022-11-10

It will drop more when she buy

Cathie Wood’s ARKK Hits 5-Year Low As FTX Collapse Spurs Crypto Wreck

The flagship exchange-traded fund of ARK Invest has fallen to its lowest level in five years after c

Cathie Wood’s ARKK Hits 5-Year Low As FTX Collapse Spurs Crypto Wreck

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·2022-11-10
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Roblox (RBLX), another favorite of Wood dabbling in crypto, tanked 21%.</p><p>The famed fund manager has been a staunch cryptocurrency bull, forecasting earlier this year that the Bitcoin (BTC-USD) would top $1 million by 2023. After reports Wednesday afternoon that Binance, the world’s largest crypto exchange, backed out of an emergency deal to acquire FTX as it faces potential insolvency. Bitcoin dropped below $16,000 on the news.</p><p>Even as the sudden downfall of FTX and concerns around its partnerships rattled the crypto ecosystem this week, Wood expanded her holdings of Coinbase — the second-largest crypto exchange by volume.</p><p>On Tuesday, ARK Invest snapped up more than 420,000 shares of the company, per a transaction report from the firm, after it fell roughly 11% – and before it posted another loss of nearly that magnitude Wednesday following the firm&#39;s dip purchase.</p><p>Coinbase CEO Brian Armstrong asserted Tuesday on Twitter that his company did not have any material exposure to FTX or its subsidiaries.</p><blockquote>2/ Second, Coinbase doesn&#39;t have any material exposure to FTX or FTT (and no exposure to Alameda).</blockquote><blockquote>— Brian Armstrong (@brian_armstrong)November 8, 2022</blockquote><p>In a webcast hosted by ARK earlier this week, Wood also said the reported acquisition of the exchange would boost its remaining competitors — but that was before Binance&#39;sbacked out of acquiring FTX.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Roblox (RBLX), another favorite of Wood dabbling in crypto, tanked 21%.The famed fund manager has been a staunch cryptocurrency bull, forecasting earlier this year that the Bitcoin (BTC-USD) would top $1 million by 2023. After reports Wednesday afternoon that Binance, the world’s largest crypto exchange, backed out of an emergency deal to acquire FTX as it faces potential insolvency. 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