Cathie Wood Is Buying the Dip on Crypto. Here Are 2 Investments to Put on Your Crypto Shopping List.
If Cathie Wood is right, it's time to go bargain-hunting in the beaten-down crypto sector.
Overview
With crypto prices down across the board, it's perhaps no surprise that bargain-hunting investors are out in force, looking for mispriced cryptocurrencies and crypto stocks. The one that I'm watching right now is Cathie Wood of Ark Invest, who has been buying the dip on crypto.
Right now, there are two crypto stocks on Cathie Wood's investment radar. If she is right, they both could be ready to soar higher this year.
Details
First up is Coinbase Global (NASDAQ: COIN), which remains a key part of Cathie Wood's overall tech portfolio. In the ARK Innovation ETF (NYSEMKT: ARKK), for example, it is her sixth-largest holding, with a 4.2% portfolio share.
Source
Originally published at www.fool.com.