Cathie Wood Continues to Buy the Dip on Crypto. Here Are 3 Crypto Investments That Need to Be on Your Radar.
Cathie Wood is buying shares of the companies that capture tolls from their crypto platforms.
Overview
Cathie Wood's Ark Invest has been studiously buying the dip with companies that touch crypto, gobbling up millions of dollars worth of Circle Internet Group (NYSE: CRCL), Coinbase Global (NASDAQ: COIN), and Robinhood Markets (NASDAQ: HOOD). As of Sept. 8, those three were weighted in Wood's ARK Innovation ETF (NYSEMKT: ARKK) at 6%, 4.6%, and 4.3%, respectively, of a $6.5 billion fund.
Because these three make up such a large share of her portfolio, investors should have them on their radar, even if they might not be the right kind of investment for them to buy right now.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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