ARK Invest Continues to Sell Coinbase Shares, Focuses on Strategic Investments

Cathie Woods ARK Invest has recently sold a significant number of Coinbase shares, demonstrating a shift in their investment strategy. On January 5, the cryptocurrency exchange opened trading at $152.67 and closed at $153.98, prompting ARK Invest to divest 133,823 shares. This divestment, according to Cointelegraph, included the sale of 107,151 Coinbase shares from their ARK Innovation ETF (ARKK), 15,892 from their ARK Next Generation Internet ETF (ARKW), and 10,780 from their ARK Fintech Innovation ETF (ARKF). Continued Divestment of Coinbase Shares and Implications The recent sale...


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