Cathie Wood's Ark Invest Reaps Big Gains From Coinbase Despite Losses on Block Stock
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Cathie Wood's Ark Invest has big stakes in Coinbase and Block across its ETFs like ARKK, ARKW, ARKF.
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Coinbase has returned 144% to Ark this year while Block is down nearly 30%.
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Coinbase accounts for top 2 holdings in ARKK and is top in ARKF, while Block is top 5 in ARKK and ARKW.
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Coinbase stock has significantly outperformed major indices like S&P 500 and Nasdaq in 2022.
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Coinbase reports Q3 earnings next week, analysts expect revenue of $654M and EPS loss of $0.53.
![](https://cdn.benzinga.com/files/images/story/2023/Cathie_Wood,_founder_of_Ark_Invest._1.jpeg?width=1200&height=800&fit=crop)