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

$ARK Innovation ETF(ARKK.US)$ The partnership between $Coinbase(COIN.US)$ and $Blackrock(BLK.US)$ ‘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 ETF overseen by Cathie Woods, sold $75m worth of COIN shares and missed out on the COIN's surge following the BlackRock deal announcement. $Bitcoin(BTC.CC)$