Cathie Wood is more of a storyteller than an investor

Friday’s Buys: Ark Invest, through its flagship Ark Innovation ETF ARKK and Ark Next Generation Internet ETF ARKW, bought 150,192 shares of cryptocurrency exchange Coinbase Global, Inc.

Ark has been buying the stock since late October, and the purchase has only accelerated this year. The stock has run up nicely so far this year, despite the sell-off seen in early February after CEO Brian Armstrong raised concerns about a potenti are gulatory ban on crypto staking.The stock has gained about 65% since the start of the year.

Cathie Wood is fan of innovation stocks,as inflation and interest rates flared,her Investment cracked down.She's more of a storyteller than an investor.