Cathie Wood, CEO of ARK Investment Management, remains bullish on Coinbase despite Ripple's partial win against the SEC. Wood considers the ruling largely positive for crypto exchanges, as it could set a favorable precedent for Coinbase and Binance in their legal battles. The robustness of Coinbase's stock, which didn't fall to new lows despite receiving a Wells Notice and facing an SEC lawsuit, supports her optimistic stance. Recently, Wood's flagship fund, ARK Innovation ETF, sold 135,152 Coinbase shares, worth $12 million. However, Berenberg Capital Markets cautions that many regulatory aspects for crypto exchanges are still unresolved.