Ark Invest ETF sells investment in Coinbase worth $13.5 million
Wed, Mar 22, 2023 3:55 PM

Ark Invest ETF sells investment in Coinbase worth $13.5 million

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Cathie Wood's ARK Fintech Innovation ETF has sold its investment in Coinbase for $13.5 million. Earlier this month, ARK had acquired over $20 million worth of COIN shares. While COIN's announcement of its expansion into Brazil caused a rally, the stock is still lower compared to 2022. The sale of the investment in Coinbase was made on Tuesday by ARK Investment Management.

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