ARK Invest Sells $34.3 Million in Coinbase Shares Ahead of Earnings Report

ARK Invest, led by prominent Bitcoin enthusiast Cathie Wood, has made a significant move by selling $34.3 million worth of shares in Coinbase. This sale was executed across three exchange-traded funds (ETFs) managed by ARK Invest, namely the ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW).