Ark Invest, an investment firm owned by Cathie Wood, sold 218,986 shares of Coinbase (COIN) worth $90.58 million through its three ETF funds on Monday.
On the same day, Ark also reduced its holdings of $11.46 million worth of Robinhood stock and $7 million of Block stock. Ark's investment strategy limits single stock holdings to no more than 10% of the fund's portfolio to maintain investment diversification.
Ark Invest sells $90.58 million of Coinbase stock while selling Robinhood and Block
2025-07-22 01:52:05
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