BitcoinWarrior

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Cathie Wood’s Ark Invest Keeps Dumping Coinbase Shares Amid Bitcoin, Crypto Buzz

On Tuesday, Cathie Wood-led Ark Invest made a significant move by offloading a substantial number of shares in Coinbase Global Inc (NASDAQ:COIN), despite Bitcoin (CRYPTO: BTC) reaching new all-time highs recently. The COIN Trade On Wednesday, Ark Invest sold a total of 106,000 Coinbase shares through flagship ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). The transaction was valued at $27.15 million. Coinbase shares closed 0.8% higher at $256.14 for the day. Interestingly, the sell-off came as Bitcoin charted new all-ti…