ARK Invest: BlackRock Coinbase tie-in ‘could draw trillions’ in institutional cash


https://capital.com/ark-invest–blackrock-coinbase

The partnership between Coinbase (COIN) and BlackRock (BLK) ‘could usher trillions of dollars into the crypto industry in the coming years,’ Ark analyst, Yassine Elmandjra, said during a monthly portfolio update on Tuesday.

Ark's flagship investment vehicle, its $14.5bn ARK Innovation’s (ARKK) ETF overseen by Cathie Woods, sold $75m worth of  COIN shares and missed out on the COIN's surge following the BlackRock deal announcement.


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