2 Ways Cathie Wood Is Betting on Bitcoin This Week
ARK Invest's Cathie Wood is no stranger to Bitcoin (CRYPTO: BTC). She is a big believer in cryptocurrency, and she's been taking advantage of the Bitcoin correction to buy into the potential of digital currencies through stock exchange-traded vehicles.
Earlier this week she added to her existing Grayscale Bitcoin Trust (OTC: GBTC) and Coinbase Global (NASDAQ: COIN) positions. Her purchase of more than 1 million shares of Grayscale Bitcoin Trust on Tuesday is her largest buy of the single-asset trust since last year. When it comes to Coinbase, Wood has bought into the leading crypto exchange nearly 50 times since it went public two months ago. Her latest Coinbase purchase happened on Tuesday. Let's see why these two investments have emerged as smart ways to play the cryptocurrency revolution.
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Source Fool.com
