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cryptonews 2023-07-12 09:20:00

Cathie Wood's ARK Invest Cashes In on Coinbase, Sells 135K Shares as Price Hits $90

Investment management firm ARK Invest has offloaded a portion of its Coinbase holdings as the crypto exchange's stock races to a near one-year high. On Tuesday, Cathie Wood’s investment firm sold 135,152 Coinbase shares, worth around $12 million, from one of its major exchange-traded funds (ETF), the ARK Innovation ETF. The amount sold accounts for 0.14% of the fund’s total holdings, according to data compiled by Bloomberg.... Read More: Cathie Wood's ARK Invest Cashes In on Coinbase, Sells 135K Shares as Price Hits $90

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