Coinbase Vs. Block: Cathie Wood Has Made Bank On This Crypto Stock In Her Portfolio This Year
Portfolio Pulse from Neer Varshney
Cathie Wood's Ark Invest has significant stakes in Coinbase Inc. (NASDAQ:COIN) and Block Inc. (NYSE:SQ) across its ETFs. Coinbase accounts for 8.8% weight in ARKK ETF, with a market valuation of $545 million. Block accounts for 5.16% of the fund at a valuation of $319.4 million. Despite both stocks being down from their 2021 highs, Coinbase has provided significant returns this year, outperforming Square and major indices like the S&P 500 and Nasdaq.
October 25, 2023 | 7:12 am
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POSITIVE IMPACT
Coinbase has provided significant returns this year, outperforming Square and major indices.
Coinbase's performance this year has been strong, providing significant returns despite being down from its 2021 high. This strong performance is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
ARKF ETF has significant stakes in both Coinbase and Square.
The performance of ARKF ETF is likely to be influenced by the performance of its holdings, including Coinbase and Square. Given the mixed performance of these stocks, the impact on ARKF ETF is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
ARKK ETF has significant stakes in both Coinbase and Square.
The performance of ARKK ETF is likely to be influenced by the performance of its holdings, including Coinbase and Square. Given the mixed performance of these stocks, the impact on ARKK ETF is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
ARKW ETF has significant stakes in both Coinbase and Square.
The performance of ARKW ETF is likely to be influenced by the performance of its holdings, including Coinbase and Square. Given the mixed performance of these stocks, the impact on ARKW ETF is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Square has underperformed compared to Coinbase and major indices this year.
Square's performance this year has been weaker than Coinbase and major indices, which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100