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2022-11-09

Whooa!!! What can I say it's so cool!!

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

Cathie Wood-led ARK Investment Management on Tuesday sold over a million shares of Robinhood Markets

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

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What can I say it's so cool!!","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9987441755","repostId":1114081498,"repostType":4,"repost":{"id":"1114081498","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://www.laohu8.com/m/news/1114081498?lang=&edition=full","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":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> on Tuesday sold over a million shares of <b>Robinhood Markets Inc</b> at an estimated valuation of over $9 million. Shares of the brokerage platform closed over 19% lower on Tuesday over the FTX saga.</p><p>Cryptocurrency exchange <b>Binance</b> signed a non-binding agreement on Tuesday to buy <b>FTX&#39;s</b> 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 <b>Changpeng Zhao</b>, the founder and CEO of Binanceannounced his trading platform is about to liquidate its entire <b>FTT</b> holdings.</p><p><b>Major Purchase:</b> Wood’s funds also bought over 420,000 shares of cryptocurrency exchange platform <b>Coinbase Global Inc</b> at an estimated valuation of over $21 million. The purchase was done via three of the company’s ETFs.</p><p>Coinbase is the 11thlargest holding of ARK’s flagship fund – the <b>ARK Innovation ETF</b> (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 <b>FTX</b>.</p><p>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.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Piles Up $21M In Coinbase Stock Amid FTX-Fueled Plunge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Piles Up $21M In Coinbase Stock Amid FTX-Fueled Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-11-09 13:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> on Tuesday sold over a million shares of <b>Robinhood Markets Inc</b> at an estimated valuation of over $9 million. Shares of the brokerage platform closed over 19% lower on Tuesday over the FTX saga.</p><p>Cryptocurrency exchange <b>Binance</b> signed a non-binding agreement on Tuesday to buy <b>FTX&#39;s</b> 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 <b>Changpeng Zhao</b>, the founder and CEO of Binanceannounced his trading platform is about to liquidate its entire <b>FTT</b> holdings.</p><p><b>Major Purchase:</b> Wood’s funds also bought over 420,000 shares of cryptocurrency exchange platform <b>Coinbase Global Inc</b> at an estimated valuation of over $21 million. The purchase was done via three of the company’s ETFs.</p><p>Coinbase is the 11thlargest holding of ARK’s flagship fund – the <b>ARK Innovation ETF</b> (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 <b>FTX</b>.</p><p>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.</p></body></html>\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. 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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},"isVote":1,"tweetType":1,"viewCount":538,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":31,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}