Coinbase's blockbuster debut is a 'watershed' for crypto — but there are risks ahead

[Bullitt]

Cathie Wood's ARK bought COIN on IPO day.

Cathie Wood’s Ark Investment Management bought about $246 million worth of the stock for three of its funds, while BTIG analyst Mark Palmer initiated coverage with a buy rating, setting a price target of $500 and touting the potential increase in cryptocurrency’s total market capitalization beyond the curent $2.1 trillion.

https://www.bloomberg.com/news/arti...premarket-as-cathie-wood-funds-make-purchases

 

[weatherweenie]

Opened at $381.

 

[Bullitt]

Now $379, and it hasn't hit the open market yet.

 

[Bullitt]

COIN indicated to open at $349. Nice windfall for insiders.

 

[NewsFeeder]

Coinbase's blockbuster debut is a 'watershed' for crypto — but there are risks ahead

Coinbase is set to go public Wednesday, and investors are hailing it as a "watershed" moment for the cryptocurrency industry.

More @ CNBC...