Chinese crackdown on bitcoin is blow to Coinbase investor Cathie Wood's ARK ETF

Chinese crackdown on bitcoin is blow to Coinbase investor Cathie Wood's ARK ETF

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

China’s moves to crack down on bitcoin trading dealt another blow to Cathie Wood’s ARK Innovation Fund, which outperformed all other U.S. equity funds last year but is now mired among the worst of its peers.