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Why Coinbase Stock Rallied Today

TheMotleyFool

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Shares of Coinbase Global (NASDAQ: COIN) rose 3.3% on Tuesday after top-rated fund manager Cathie Wood bought more of its stock than any other company on Monday for her popular ARK Fintech Innovation ETF (NYSEMKT: ARKF).

Wood purchased more than $20 million worth of Coinbase stock yesterday. Across all of the funds she oversees, Wood has now invested more than $1 billion in the digital asset exchange.

Cathie Wood scooped up more shares of Coinbase Global. Image source: Getty Images.

Source Fool.com

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