Ark Invest Continues to Sell Coinbase Shares
Submitted by Anonymous (not verified) on Sat, 01/06/2024 - 13:20

COIN constitutes a 10.34% weighting of ARK's Innovation ETF, a stake worth over $872.5 million.
Coinbase's Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market's rally halted.

The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN.
Cathie Wood's investment firm also sold GBTC stock while increasing its holdings of Block.
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