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Cathie Wood ditches Coinbase shares as woes mount for crypto exchange
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fnlondon.comA growing crisis of confidence in Coinbase shows no sign of abating, as high-profile US stock picker Cathie Wood became the latest to sound the alarm bell by dumping shares in the embattled crypto exchange.
Wood’s investment firm Ark Invest sold more than 1.4 million shares in the Nasdaq-listed company via three separate funds this week, according to a trading update issued on 27 July, just months after buying more than half a million shares in the company.
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