Ark Invest Offloads $21M in Coinbase Shares as COIN Price Surges

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Ark Invest Offloads $21M in Coinbase Shares as COIN Price Surges
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Ark Invest has sold 74,291 Coinbase shares, valued at $20.8 million, across three exchange-traded funds, per their latest trade filing on Monday.

Ark aims to keep any single holding below 10% of an ETF’s portfolio for diversification, meaning it might keep Meanwhile, Ark Invest sold $7.9 million of Jack Dorsey’s Block shares and $31.5 million of Robinhood stock on Monday.

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