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Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $15 million worth of COIN
Ark Invest offloaded 70,616 Coinbase shares — worth $15.1 million — across three of its exchange-traded funds on Tuesday. The Cathie Wood-led investment firm sold 45,915 shares ($9.8 million) from its Innovation ETF (ARKK), 17,755 shares ($3.8 million) from its Next Generation Internet ETF (ARKW) and 6,946 shares ($1.5 million) from its Fintech Innovation ETF (ARKF), according to the company’s latest trade filing. It’s the first time Ark has sold a significant amount of Coinbase shares in nearly a month after it offloaded $20.4 million worth of COIN on April 11 amid a rise in the stock's price. However, it ... (full story)