Cathie Wood’s Ark Invest Reaps $12M From Coinbase Stock Rally
Cathie Wood’s Ark Investment Management LLC sold $12 million worth of shares in Coinbase Global Inc on Tuesday, amid a rally in the exchange’s stock price. As reported by Bloomberg, Ark Innovation ETF sold off 135,152 shares, giving up its position as Coinbase’s fourth-largest shareholder. Ark’s investment journey in Coinbase started 11 months ago. Ark...