Cathie Wood's ARK ETFs sold nearly half-a-million Coinbase shares, but the cryptocurrency exchange remained among the top holdings of some the ETFs.
Cathie Wood’s ARK Invest cashed in on the recent record really in Coinbase Global Inc.’s stock by selling nearly half-a-million shares, but the cryptocurrency exchange remained among the top holdings of some of her exchange-traded funds.
The... Cathie Wood’s ARK Invest cashed in on the recent record really in Coinbase Global Inc.’s stock by selling nearly half-a-million shares, but the cryptocurrency exchange remained among the top holdings of some of her exchange-traded funds. The sales come after the stock rocketed a record 24.5% on Thursday, the biggest one-day gain since Coinbase went public in April 2021, after a court ruling involving cryptocurrency tokens was viewed as helping the company in its case against securities regulators.
Meanwhile, Coinbase remains the top holding of the Next Generation Internet and Fintech Innovation ETFs and the second biggest holding of the Innovation ETF.
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