ARK Invest Sells $14.8M of Coinbase Shares Ahead Of Exchange’s Earnings Report

The post ARK Invest Sells $14.8M of Coinbase Shares Ahead Of Exchange’s Earnings Report appeared first on Coinpedia Fintech News

Cathie Wood’s investment company ARK sold a total of 69,069 COIN shares worth $14.8 million on Thursday, the biggest single-day sale since May 7. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June and $7.93 million in July. ARK sold a total of 69,069 COIN shares across its Next Generation Internet ETF (ARKW) and Fintech Innovation ETF (ARKF).