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News Explorer — Cathie Wood's Ark Invest Sells Another $5M in Coinbase Shares

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Nov 30, 9:26 am
Coindesk

Cathie Wood's Ark Invest Sells Another $5M in Coinbase Shares

Ark Invest, Cathie Wood's investment management firm, sold an additional $5 million worth of Coinbase stock while buying shares in Robinhood and SoFi Technologies. This follows its previous sale of COIN shares earlier in the week. Ark has been actively purchasing Robinhood shares this month and has spent around $13.5 million on the stock. SoFi Technologies announced its exit from the crypto business and saw a slight decrease in its stock price.

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