ARK Invest Sells Over $25 Million in Coinbase Shares As Holdings Exceed Internal Limits
- Cathie Wood's ARK Invest sold over $25M worth of Coinbase (COIN) shares
- The shares were sold from ARK's Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW)
- A total of 166,183 COIN shares were sold
- Coinbase shares fell 2.96% on Wednesday as the crypto market rally halted
- ARK ETFs have a 10% cap on individual stock holdings, and COIN has been above that