Zcash (ZEC), Horizen (ZEN) and Hedget (HGET) soar as altcoins lift off
Cointelegraph
Published Apr 15, 2021 04:11PM ET
Updated Apr 15, 2021 06:40PM ET
Three of Cathie Wood’s ARK exchange-traded funds bought nearly $246 million worth of Coinbase Global Inc. (COIN) shares on its listing day. Another fund, Amplify Transformational Data Sharing ETF (BLOK) also purchased COIN stock. These purchases show that ETFs are eager to buy into the crypto growth story.
However, Blackrock (NYSE:BLK) CEO Larry Fink has a different point of view. Fink said that institutional investors were fascinated by crypto but that did not translate into demand from institutions worldwide.
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Written By: Cointelegraph
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