Cathie Wood’s Ark Invest has sold Coinbase shares for the first time

Ark Invest, the New York-based investment firm run by prominent stock-picker Cathie Wood, has trimmed its exposure to Coinbase, according to the firm’s trade disclosures that get published on a daily basis.

On Oct. 11, ARK Innovation ETF (ARKK) dumped 98,427 COIN shares, which represents the firm’s first sale since the company’s stock started trading on Nasdaq on Apr. 14.

Coinbase remains ARKK’s fourth-biggest holding, accounting for 5.62% of the entire portfolio. Tesla remains in first place (9.85%).

RelatedRipple to Support Solar Energy Projects to Reduce Crypto Industry's Carbon Footprint

reported by U.Today

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