700. Cathie Wood Dumps Coinbase | COIN vs. SEC Analysis
Jul 28, 2022 ·
26m 17s
The Securities and Exchange Commission probe into Coinbase Global COIN, 5.99% seems to have rattled long-time backer Cathie Wood, as the tech investor sold 1.4 million shares of the cryptocurrency...
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The Securities and Exchange Commission probe into Coinbase Global COIN, 5.99% seems to have rattled long-time backer Cathie Wood, as the tech investor sold 1.4 million shares of the cryptocurrency exchange operator on Tuesday, including 1.1 million in the flagship Ark Innovation ETF ARKK, 3.31%. That was the first sale of stock in Coinbase this year, and the estimated cost average for Coinbase in ARKK was $254.65. Both the SEC and Justice Department charged a Coinbase employee with insider trading, while the SEC also said that some of the tokens listed on Coinbase were unregistered securities. Coinbase has denied that claim.
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~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
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