Ark Invest Sells Another $4M Worth of Coinbase Shares
Main page News, Cryptocurrency Exchanges, Coinbase

Ark Invest, Cathie Wood's investment company, sold another 26,743 shares of Coinbase Global Inc. stock ($4.1 million) on Thursday, shortly after recently selling another $25 million worth of the company's shares.

Ark Invest is this way maintaining its process of selling shares of the US cryptocurrency exchange through its ARK Innovation ETF.

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According to the daily trading statement, the ETF bought 132,955 shares of Recursion Pharmaceuticals in a trade valued at around $1.48 million, on the same day.

In total, the company's ETFs have sold more than $200 million worth of Coinbase shares, which accumulated a 360% gain over the past year, over the past few weeks.

Coinbase remains the largest asset in the ARK Innovation ETF portfolio, with more than $145 million.

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