Cathie Wood Bets Big on Coinbase and Block.One Despite SEC Attack

Summary

• Despite the SEC attack on Coinbase, Cathie Wood has been loading up on Block.One shares
• Block.One shares have been increasing while COIN stocks are dropping
• The article was written by Darryn Pollock, Heather Budrevičienė and Ciaran Lawler and was published on June 9th, 2023 at 2:30 PM GMT

Cathie Wood’s Actions

Despite the recent attack from the SEC against Coinbase, Cathie Wood has been actively purchasing Block.One stock. This is an interesting move as most investors have been pulling away from cryptocurrencies in light of the news. This could be seen as a sign of confidence in the blockchain company or an attempt to capitalize on an opportunity created by the situation.

Block.one Share Prices

The purchase of Block.one shares has not gone unnoticed by investors as its share prices have increased significantly since the news broke out about Coinbase’s legal troubles with the SEC. In comparison to this, COIN stocks have taken a dip which could be attributed to investor uncertainty due to Coinbase’s uncertain future with regards to regulation in America.

Authors Of The Article

The article was written by three authors: Darryn Pollock, Heather Budrevičienė and Ciaran Lawler and was published on June 9th, 2023 at 2:30 PM GMT. All three authors are respected journalists who specialize in financial reporting and analysis of cryptocurrency investments and developments within the industry.

Conclusion

It is clear that despite regulatory issues surrounding Coinbase, investors still remain confident in cryptocurrencies such as those offered by Block.one as evident by Cathie Woods actions and its rise in share prices compared to other coins such as COIN which has dropped due to investor uncertainty regarding potential regulations imposed upon it in America