Ark Invest offloads $34 million in Coinbase while shares jump 7% pre-market ahead of earnings report
Ark Invest, led by Cathie Wood, divested over 200,000 units of Coinbase (COIN) shares, marking its first significant sale in over a month, per the firm’s latest trading file obtained by CryptoSlate.
The transaction included the sale of 152,600 Coinbase shares from the ARK Innovation ETF (ARKK).