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Bearish On COIN? Cathie Wood's Ark Invest Sells $16M In Coinbase Stock

Over the past week, Ark Invest sold 93,435 shares of Coinbase (COIN). The shares were worth around $16 million and were sold across three exchange-traded funds (ETFs). Ark sold 54,307 shares worth $9 million from the Innovation ETF (ARKK), 28,222 worth $4.7 million from the Next Generation Internet ETF (ARKW) and 13,906 shares worth $2.3 million from the Fintech Innovation ETF (ARKF). The sale comes after a surprising earnings beat from Coinbase in its fourth-quarter earnings release. The compan ....

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ARK Invest Sells $90M Worth of Coinbase Shares Despite Stellar Earnings, Analyst Upgrades

ARK Invest, a prominent investment firm led by Cathie Wood, sold nearly half a million shares of Coinbase Global (COIN) for roughly $90 million last Friday. ....

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