ARK Invest sold $49.2 million worth of Coinbase shares on Friday
Cathie Wood's ARK Invest sold 335,860 shares of cryptocurrency exchange Coinbase (COIN) on Friday, the largest sale since July. ARK sold COIN shares through three exchange-traded funds (ETFs), mostly from the Innovation ETF (ARKK). Based on Coinbase's closing price, the sale raised $49.2 million.
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