ARK Invest Sells Another $4.2 Million in Coinbase Shares, Trimming Stake After Recent Rally
• ARK Invest sold another $4.2M of Coinbase shares from its Innovation ETF on Thursday • This comes after ARK sold $25M worth of Coinbase shares on Wednesday • The sales are to rebalance Coinbase's weighting in ARK's Innovation ETF below 10% • Coinbase shares rallied over 130% in the last 3 months, taking its weighting above 10% • Coinbase still makes up over 10% of the Innovation ETF, with ARK's total stake worth over $872.5M