ARK Invest Sells $38.9M in Coinbase and Grayscale Bitcoin Shares After Crypto Surge
• Cathie Wood's ARK Invest sold $33M worth of Coinbase (COIN) shares across 3 ETFs Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF)
• The COIN shares were sold after hitting a 19-month high amid Bitcoin's latest surge
• ARK Invest sold 168,127 shares of Grayscale Bitcoin Trust (GBTC) worth $5.9M
• GBTC shares closed at $35.10 on Tuesday, their highest level since December 2021
• ARK frequently buys crypto-related shares at low prices and sells them when they show bullish momentum