Why Cathie Wooden is bullish on Coinbase inventory and believes Bitcoin will attain $1 million

In an interview with Bloomberg, ARK Make investments CEO and chief funding officer Cathie Wooden not too long ago mentioned why her flagship fund, Ark Innovation (ARKK), is including to its place in shares of Coinbase (NASDAQ:) after the Securities and Trade Fee (SEC) sued Binance, certainly one of Coinbase’s largest opponents.

ARKK bought almost 330,00 shares of COIN on June 6, 2023, value about $17 million on the time, based on disclosure statements. Two different exchange-traded funds (ETFs), Ark Fintech Innovation ETF and Ark Subsequent Technology Web ETF, additionally added 35,700 shares (value $1.8 million) and 53,900 shares (value $2.8 million), respectively.

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