Cathie Wood said on Monday that her firm is very positive on Coinbase, and exchanges more broadly after Ripple's partial legal win.
handed Ripple Labs a partial victory in an ongoing dispute with the Securities and Exchange Commission. And that's despite Ark Invest's recent sales of the company's stock.
"We’re very positive on Coinbase, especially in light of the court ruling for Ripple and against the SEC," she said on BloombergArk Invest sold off an additional worth of Coinbase stock on July 15 as the stock rallied. Wood attributed the selling activity to simple profit taking to reallocate"capital to perhaps some laggards."TradingView© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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