Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase (NASDAQ:COIN) stash, selling the first batch of Coinbase stock this year.
On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation exchange-traded fund (ARKF) for $13.5 million, according to an investor notification seen by Cointelegraph.