Ark Invest Sells $53 Million Worth of Coinbase Shares, Buys Meta and Robinhood Stocks
Cathie Wood's fund Ark Invest sold a total of 478,356 shares of Coinbase worth $53 million, CoinGape reports. Of those shares, 263,247 were sold by ARK Innovation ETF (ARKK), 93,227 by ARK Next Generation Internet ETF (ARKW) and 35,666 by ARK Fintech Innovation ETF (ARKF). In addition, Cathie Wood's Ark Invest fund bought shares of Meta Platforms (META) and Robinhood (HOOD).
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