Cathie Wood's Ark Invest sells more Coinbase shares worth over $50 million
Ark Invest sold 478,356 shares, worth more than $50 million, of Coinbase as the stock continued to rally.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Cathie Wood's Ark Invest sold more Coinbase shares on Friday as the stock continued to rally off the back of rulings in the SEC's case against Ripple.
Ark's flagship fund, Ark Innovation ETF, sold 263,247 shares of Coinbase, according to an update from the fund manager's trading desk on Friday. Its Ark Next Generation Internet ETF sold 93,227 shares, and Ark Fintech Innovation ETF sold 121,882 shares. Together, the sales were worth $50.37 million, based on the stock's closing price of around $105 on Friday.
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