Cathie Wood doubles down on Coinbase after bailing on Apple

The family of ARK Invest ETFs are going all in on the cryptosphere as the digital currency market tanks. Bitcoin plunged another 12.6% to below $40K overnight, while Ether dropped 16% to under $3K.Buy the dip? On Tuesday, Cathie Wood scooped up another 118,214 shares of Coinbase (COIN) for the ARK Innovation ETF (ARKK) and purchased another 42,248 COIN shares for the ARK Next Generation Internet ETF (ARKW). Premarket: COIN -5.4% to $226/share.The move is extra notable as Wood shed nearly her entire stake in Apple (AAPL) on Monday - the ARK Fintech Innovation ETF (ARKF) only has under 3,000 shares left - signifying a departure from the old tech guard into nascent (or more risky?) areas of the market.Here is the full list of Tuesday's portfolio adjustments made by the ARK investment team:Last week, ARKK fell below its 200-day simple moving average for the first time since April 2020.