Cathie Wood’s Ark Invest Continues to Jettison Coinbase Shares As Anticipation Builds Around Approval of Bitcoin Spot ETF
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Benzinga
Benzinga
On Thursday, Cathie Wood-led Ark Invest made a significant move by selling a substantial amount of Coinbase Global Inc (NASDAQ:COIN) shares. The Coinbase TradeArk Invest’s decision to offload $4.7 million worth of Coinbase shares aligns with the recent market trends and Wood’s strategic adjustments in her portfolio. Ark sold a total of 37,377 Coinbase shares through ARK Next Generation Internet ETF (NYSE:ARKW). This week Wood juggled her crypto portfolio by adding Robinhood shares while offloading Coinbase shares as the frenzy builds around the potential approval of a Bitcoin (CRYPTO: BTC) spo…
