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Jim Cramer Explains What Cathie Wood Means for Coinbase

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Cathie Wood's ARK Innovation's added Coinbase following the company's market debut on Wednesday, but ARK also sold Tesla. 

TheStreet's Martin Baccardax noted that the ARK Innovation ETF, which has around $22 billion in assets under management, sold around $178 million in Tesla  (TSLA)  shares, its website indicated, while adding $168 million in Coinbase  (COIN) . The rest of its holdings in the world's biggest cryptocurrency trading platform, which debuted on the Nasdaq Wednesday, were added to Wood's tech innovation and next-generation funds.

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