Ark Invest Sells $13.3M in Coinbase Shares
2025-07-16 20:50:03
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Description
On July 15, Ark Invest, a leading investment firm led by Cathie Wood, made another bold move to offload shares from a major fintech firm. The company sold 34,207 shares of Coinbase (COIN) worth about $13.3 million from its Next Generation Internet ETF (ARKW). This decision comes shortly after Coinbase’s stock reached its highest closing price on July 14, prompting the firm to rebalance its portfolio to manage risk effectively. Rebalancing Strategy: A Reflection of Ark Invest’s Principles Additio...
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