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Cathie Wood's Ark Invest loads up on nearly $250 million of Coinbase on first day of trading

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The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021.
Shannon Stapleton | Reuters

Longtime bitcoin bull Cathie Wood proved her conviction in the future of crypto on Wednesday, snapping up nearly $250 million worth in the public debut of cryptocurrency exchange Coinbase.

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