Cathie Wood ‘very positive’ on Coinbase after Ripple court ruling

” Wood signs up with the ranks of crypto industry pundits who have actually made comparable points, arguing that the ruling– which found that XRP (XRP) tokens offered to retail financiers on crypto exchanges were not securities– might set a favorable precedent for Coinbase and Binance in their respective legal battles with the regulator. On July 11, Woods flagship fund, the ARK Innovation exchange traded fund (ETF) cashed in on the crypto exchanges impressive rally, offering 135,152 Coinbase shares, worth $12 million at the time. Related: United States controls crypto startup funding in Q2: ReportWhile numerous industry players are turning significantly bullish on Coinbase, experts from investment firm Berenberg Capital Markets alerted that many elements of policy for crypto exchanges are far from being dealt with.