Ark Invest sells $20 million worth of Coinbase stake again on Thursday
PANews April 12 news, according to The Block, Ark Invest, led by Cathie Wood, sold Coinbase shares again on Thursday, totaling 77,561 shares worth approximately $20.4 million. The move comes as the investment firm continues to adjust its fund allocations. Ark Invest completed the transaction through two of its exchange-traded funds (ETFs), selling 63,627 shares (valued at $16.7 million) from its Innovation ETF (ARKK) and from its Next Generation Internet ETF (ARKW) Sold 13,934 shares (valued at $3.7 million).
It was reported this morning that Cathie Wood’s ArkInvest already holds shares in OpenAI
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