In an interview with CNBC, CEO of arc funding Cathie Wood discusses the present state of her ARC fund, and the explanation why it continues to carry a robust place in cryptocurrency change Coinbase Global.
Through three exchange-traded funds, Wood’s hedge fund Ark Invest owns 8.16 million shares in Coinbase, valued at $412.85 million as of June 2022.
Cathie Wood admitted that cryptocurrency is in a “huge droop proper now,” however stated Coinbase is within the fund’s prime ten holdings as a result of Ark believes that the “crypto revolution” is nonetheless underway.
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