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Cathie Wood Suffers Double Blow as Drama Hits Coinbase and Block

An activist short seller attack on one US firm and the threat of regulatory action against another have conspired to deal a double blow to Cathie Wood and ARK Investment Management, as both shares are among her top holdings.

Block Inc. and Coinbase Global Inc. are long-time favorites of Wood. As recently as Wednesday, the ARK Innovation ETF (ticker ARKK) bought more shares of Jack Dorsey-led Block. 

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