⚠️ COIN Crashes 16%, Cathie Wood Buys the Dip

🔻 After a disappointing Q2 report, Coinbase (COIN) stock took a 16% hit on Friday, extending its two-week decline to 25% from July highs of $420 — closing at $314.

📢 But where others see red, Cathie Wood sees opportunity.

🔥 Her firm, Ark Invest, just scooped up 95,000+ shares across:

✅ ARK Innovation ETF (ARKK)

✅ ARK Next Gen Internet ETF (ARKW)

✅ ARK Fintech Innovation ETF (ARKF)

📈 Interestingly, Ark had trimmed COIN holdings during the mid-July highs — and now returns at lower valuations, showcasing active portfolio rebalancing in action.

📊 As of today, COIN is Ark Invest’s 2nd-largest holding, right behind Tesla.

#CathieWood #ARKInvest #Coinbase #Fintech #StockMarket

https://coingape.com/cathie-wood-buys-the-dips-as-coin-stock-crashes-16-following-weak-q2-report/?utm_source=bnb&utm_medium=coingape