Cathie Wood buys the crypto dip

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Last Updated on 12 March 2025 by CryptoTips.eu

After the markets of both crypto coins and classic stocks had a really bad day on Monday, there was a small turnaround on Tuesday, although it is currently unclear whether this recovery will last. One person who is already not waiting is Cathie Wood, the CEO of Ark Invest. With her fund she bought crypto-related stocks (which according to her are very cheap at the moment) such as Coinbase and Robinhood.

Advertentie.

Drop

Investors have been selling their cryptocurrencies and stocks for about a week as a US recession looms. The S&P 500, Nasdaq and Dow Jones Industrial Average indices all fell sharply. The White House tried to calm things down a bit, but it didn’t make much of an impression on Wall Street.

Even despite this significant market correction, investor Cathie Wood is once again showing her confidence in the cryptocurrency sector. Her long-term strategy is to maintain diversification within her fund. In addition, her rule states that no single investment may exceed 10% of the total portfolio.

Despite the drop in Coinbase’s share price, Cathie Wood remains confident in the long-term potential of Brian Armstrong’s company. In addition to Coinbase, ARK Invest also bought 269,864 shares of HOOD from broker Robinhood, for $9.6 million.

So while the cryptocurrency market is going through a period of turbulence, Cathie Wood and ARK Invest continue to bet on a long-term recovery. Time will tell whether she is right.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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