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Cathie Wood Boosts Tesla, Coinbase Holdings on Dip-Buying Binge

  • ETFs buy nearly 75,000 shares of Tesla and 297,000 of Coinbase
  • Ark funds have been buying both stocks since October
Bloomberg business news
WATCH: Musk has offloaded almost $40 billion worth of Tesla shares since late last year. Craig Trudell reports.Source: Bloomberg
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Cathie Wood scooped up more shares of Tesla Inc. and Coinbase Global Inc., underscoring her faith in electric vehicles and cryptocurrency as key trends for the future. 

A gamut of Ark Investment Management LLC’s funds, including Wood’s flagship Ark Innovation ETF, bought nearly 75,000 shares of the EV maker and about 297,000 of the cryptocurrency exchange operator on Wednesday, continuing a dip-buying streak that started in October, according to data compiled by Bloomberg.