Ark Invest Sold Coinbase Shares When the Stock Market Rallied

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Last Updated on July 12, 2023 by Bitfinsider

On Tuesday, Ark Invest sold 135,152 shares of Coinbase Global, the same day the price rose 9.78% on the back of bitcoin ETF euphoria.

According to Bloomberg statistics, Cathie Wood’s Ark Innovation ETF dropped its holdings in Coinbase shares on Tuesday for the first time since July 26 of last year.

According to the fund’s website, the ETF now holds Coinbase shares worth $711.24 million, accounting for 8.25% of its total holdings.

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