Ark Invest has sold $43.8 million worth of Coinbase shares in three of its exchange-traded funds (ETFs), reducing its position as the shares remain near their all-time highs.
According to the company's latest disclosures, Ark sold 124,892 shares on Monday.
The ARK Innovation ETF (ARKK) disposed of 77,956 shares, while the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) sold 29,802 and 17,134 shares, respectively.
Coinbase fell 0.83% to $350.49 on Monday, but is still up 42% over the past month.
The stock reached an all-time closing high of $375.07 on June 26, driven by optimism surrounding Circle's IPO.