Ark Invest Sold Huge Amount of Coinbase Shares Amid Price Surge in Crypto Investments!

Investment firm Ark Invest, led by Cathie Wood, recently sold millions of dollars worth of Coinbase (COIN) shares. Having attracted attention with its COIN sales in the past, Ark Invest once again came to the agenda with a new sale. After the surge in Coinbase shares, Ark Invest took action and sold approximately 74,291 Coinbase shares worth $20.8 million. These sales were made through ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation. From ARK Innovation ETF (ARKK), 57,652 COIN shares were sold, from ARK Next Generation Internet ETF (ARKW) 12,544 shares, and from ARK Fintech Innovation ETF (ARKF) 4,095 COIN shares. The company, in order to balance its investment portfolio in line with the surges, continued its sales, having carried out COIN sales exceeding $50 million just last week. Rising by 10% yesterday in tandem with the increase in Bitcoin, COIN is currently trading at $279.