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In a significant move, Cathie Wood's Ark Invest dumped $45 million worth of Coinbase shares last week, according to the company's latest trading filing. 
<h2 id="cathie-wood-s-ark-invest-sells-45-million-worth-of-coinbase-stock">Cathie Wood's Ark Invest Sells $45 Million Worth of Coinbase Stock</h2> 
The investment manager sold 217,305 Coinbase shares from its Innovation exchange-traded fund (ARKK), equivalent to $44.7 million at current market prices. 
The decision to sell Coinbase shares follows a similar move the previous week, when Ark Invest divested $16 million worth of Coinbase shares. 
Despite the selloff, Coinbase's shares are performing quite well. The stock traded at $205.77 at market close on Friday, marking a 22% weekly gain and a staggering 60% rise in the past month. 
Related News: <a href="https://en.bitcoinsistemi.com/the-court-made-its-decision-in-the-insider-leaking-case-of-coinbases-former-product-manager-here-are-the-details/" target="_blank" rel="dofollow">The Court Made Its Decision in the Insider Leaking Case of Coinbase's Former Product Manager! Here are the Details!</a> 
However, it's important to note that even with these gains, the stock remains 40% below its all-time high of $342.98, reached at the peak of the crypto bull market in November 2021. 
In addition to divesting Coinbase shares, Ark Invest also divested $11.4 million worth of Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds last week. 
Shares of the stock and crypto trading app closed at $16.58 on Friday, marking a weekly gain of more than 12% and a 50% gain in the past month. 
On Thursday, Robinhood's proprietary crypto wallet integrated token swaps on its Layer 2 network Arbitrum, increasing its support for Ethereum and Polygon-based exchanges, further solidifying its position in the market. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/investment-company-ark-invest-continues-selling-as-coinbases-share-price-rises-2/">Investment Company ARK Invest Continues Selling as Coinbase's Share Price Rises!</a>

Investment Company ARK Invest Continues Selling as Coinbase's Share Price Rises!

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