Cathie Wood’s ARK Invest Buys Coinbase Dip, Grows Total COIN Holdings to $448,700,000

Hedge fund supervisor Cathie Wooden has doubled down on shares of Coinbase (COIN) amid the tariff-induced inventory market crash.

In response to Cathiesark.com, Ark Make investments positioned three purchase orders for Coinbase inventory on April 4th, amounting to over $13 million, making COIN the second-largest holding in all its mixed exchange-traded funds (ETFs).

COIN is at present buying and selling at $161, about 54% down from its December 2024 excessive.

In a current video replace, Wooden says that she expects Bitcoin (BTC) to start outperforming gold within the coming months. In response to the investor, the BTC to gold ratio hasn’t damaged its long-term uptrend.

“Gold has had an excellent run towards Bitcoin. Bitcoin did very nicely relative to gold in 2023 and 2024, however not so this yr. Nonetheless, we do assume over time, Bitcoin will recognize relative to gold, and as you possibly can see, it has not damaged the uptrend line.”

Whereas bullish on Bitcoin and Coinbase, Wooden mentioned final month that she expects many different crypto belongings to go to zero, significantly tokens within the memecoin area. In an interview with Bloomberg, Wooden predicted that “tens of millions” of memecoins would develop into nugatory.

“What we expect will occur is there can be some fearsome declines within the costs of a few of these meme belongings, and there’s nothing like dropping cash for individuals to study. Now study that the SEC and regulators should not taking accountability for these memecoins…

The tens of millions of memecoins will in all probability find yourself nugatory. After we’re speaking in regards to the huge three – Bitcoin, Ethereum, Solana, the use instances for these are multiplying, and we expect they’re going to develop into crucial within the years forward. Memecoins, not so.”

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