Summary
- Ark Invest has reportedly sold 13,780 shares of Coinbase.
- This sale was made to adjust the weighting of the managed ARKF ETF.
- The Coinbase (COIN) stock closed at $279.86, down 10.2% from the previous day.
Ark Invest, led by Cathie Wood, has sold 13,780 shares of Coinbase, valued at approximately $3.9 million.
According to The Block's report on the 19th (local time), Ark Invest sold the Coinbase shares to adjust the weighting of its ARKF ETF product under management.
Coinbase (COIN) closed at $279.86 on the 19th, down 10.2% from the previous day.
YM Lee
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