Shares of cryptocurrency marketplace Coinbase Global (NASDAQ: COIN) jumped as much as 2.9% in trading on Wednesday as Cathie Wood bought more shares, and crypto markets recovered. Shares closed the day up 2.8%. 

On Tuesday, the Ark funds run by Cathie Wood bought a total of 23,414 shares of Coinbase, worth $5.8 million. When Wood buys or sells a stock like Coinbase, her action can move the market despite the fact that she is often not moving into or out of a position entirely. 

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Source Fool.com