Cathie Wood’s Ark ETF Sells $13 Million on Coinbase

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Last Updated on March 22, 2023 by Bitfinsider

Cathie Wood’s ARK Fintech Innovation ETF sold $13.5 million in Coinbase shares, the first significant sale of the company’s equity since July.

Ark’s Ark Fintech Innovation ETF sold 160,887 units. This concludes a months-long purchasing binge that began in November 2022. The Block previously revealed that Ark added nearly $30 million in Coinbase shares earlier this month. After falling around 65% in 2022, the fund is up 5% today and 33% year to date.

Coinbase shares rose 11% today, ending at $83.99, and are up nearly 150% year to date.

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