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News Explorer — Ark Invest Offloads Another $20.6M Worth of Coinbase Shares

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Jan 8, 9:06 am
Coindesk

Ark Invest Offloads Another $20.6M Worth of Coinbase Shares

Ark Invest, Cathie Wood's investment firm, sold an additional $20.6 million worth of Coinbase shares across three of its ETFs. The firm aims to keep individual stock weightings below 10% of an ETF's value, and the recent surge in Coinbase's price led to consistent sales. While the Innovation ETF (ARKK) still holds over $850 million worth of COIN, the latest offload brings its weighting down to 10.04%, indicating a potential end to the sales.

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